What Information are Shareholders Entitled to Know?

Shareholder lawsuits are a common source of litigation for corporations, particularly those who have large numbers of shareholders that are not actively involved in the day-to-day operations of the business. Shareholders have certain rights to information about the business and, if there is a liquidation, purchase, or bankruptcy, they have some rights to the proceeds…

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Using a Trust to Protect Your Assets from a Child’s Creditor

Protecting assets and ensuring that children and grandchildren have access to your legacy is an important part of estate planning. Many parents, looking at what their children are currently doing, want to ensure that their assets provide a benefit and are protected from creditors, their own and their children’s. There are many legitimate reasons to…

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The Value of an Employee Handbook During Employment Litigation

Employee handbooks may seem like a trivial document, but working with a lawyer to put one together is key. As your organization grows, you’ll also want to regularly update your handbook because when employee litigation happens, your handbook can become a key piece of evidence. Your handbook, ideally, becomes the first place lawyers and judges…

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How to Handle Major Lifetime Gifts

Giving gifts to our children is second nature. When parents and grandparents are able, helping out with major purchases and expenses in life can be a great way to help those we love get started in the world. From buying that first car to helping make a down payment on a new house, gifts can…

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Valuing Your Business for Litigation

Certain types of business litigation focus on the value of the business, and sometimes even the value of the business before and after specific events.  Litigation between partners of a business, divorce proceedings, litigation about harm due to supplier issues, and other situations have as a key piece of evidence the value of the business.…

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Understanding Jointly Titled Property

When you own a property with someone else, you often do so as a jointly titled property. This means that you are both owners, but does not automatically mean that your co-owner takes full ownership upon your death. There are a number of different ways property can be jointly held and the wording on the…

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Challenge of Challenging New Land Use Decisions

When you own property, you probably feel strongly about how you should be allowed to use the property. You also feel strongly about how your neighbors use their property since their use can significantly impact the value and enjoyment you get from what you own. Determining where one person’s rights end and another’s begins is…

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Establishing a Pet Trust

When setting up an estate to care for your loved ones, your friends and family and your favorite charities, don’t forget your pets. This is especially true if you have a pet that is likely to outlive you and you want to ensure they continue to receive a high standard of care. Both Utah and…

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Who Has Authority to Sign a Business Contract?

Businesses are run off contracts. These range from agreements to rent a building, non-disclosure agreements, employment contracts, licensing agreements, supplier agreements, and many, many more. So it’s important to be clear on who has the authority to bind the company to a contract and the extent of their authority to do so. Business Contract Basics…

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Considering Your Business in Your Estate Plan

Your business is likely an important part of your asset structure and is a key consideration in making an estate plan. Your family, business partners, employees, and customers will appreciate that you made an effort to ensure their success moving onward. While not something most business owners want to think about, considering the succession plan…

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