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S-Corps As Tax Shelters – Risks and Opportunities

In light of the new tax law, this is an updated version of the effectiveness of S-Corp tax planning.  An S-Corp has the potential to produce significant tax savings by converting “wages” into “profits”.  Under the new tax law profits from...

Expanded Theories & Removing Incentive to Sue You

In recent years, courts, state legislators, and clever trial attorneys have dramatically expanded traditional theories of negligence. As stated, negligence means a failure to exercise the proper degree of care. The question is what is the proper degree of care? How...

Negligence

Looking for Someone to Blame In addition to liability for contracts, individuals and businesses face potential lawsuits for negligence. You will be considered to be negligent if a party is injured or his property is damaged because of your failure to exercise...

Oral Contracts: An Abyss for Deep Pockets

A contract is formed any time two people make an agreement to do, or not to do something. Certain types of contracts, involving commercial transactions, must be in writing in order to be valid. But most contracts do not have to be written. A promise that you make is...

The New Deep Pockets

The new targets or the new Deep Pockets are those who have saved up some money for retirement, those who operate a successful business, and those who own a home or have some rental property with any equity. This number is a lot less now than it used to be. Real estate...