Sole Proprietorships – Advantages and Disadvantages
A sole proprietorship is a type of business structure where a person, referred to as a sole proprietor, is the sole owner of the business. While the sole proprietorship may have a business name, there is usually no legal distinction between the sole proprietor and his/her business. There are definitely several advantages associated with this type of business arrangement, but there are also...
Seattle’s New Independent Contractor Protection Ordinance
The Independent Contractor Protection Ordinance (ICPO) is a new Seattle ordinance that is set to go into effect on September 1, 2022. The new law is designed to protect independent contractors in terms of both payment and information surrounding their conditions of work. Since our firm has already screened several calls regarding the ICPO, we provide the following details.
Definition of...
What Happens if You Die Without a Will in Washington?
The quick answer is that the state will decide who gets your assets via the process of “intestate succession.” In general, assets are transferred to your closest surviving relatives. The most likely recipients are your spouse, your children, your parents, or your siblings. If you currently don’t have a will, you should contact a skilled estate planning attorney now.
Who Gets What When There Is...
What is a Partnership Agreement, and Do You Need One?
In short, a partnership agreement is a legal document that directs how a partnership will operate. The document helps ensure business success in that it allows you to run your business in the manner in which you want to. In its absence, your partnership’s operations could be governed by your state’s partnership laws. Please contact the McWilliams Law Group now and get the skilled business...
3 Tips to Help a Parent Create an Estate Plan
While the vast majority of us should have an updated estate plan, many seniors simply refuse to create one or ignore the thought of creating one. Reasons for these actions could come from a fear of death and worries about the expenses and anxiety involved. If your parents are reluctant to visit an estate planning attorney, you should try to gently intervene. The expenses associated with...
5 Estate Planning Tips if You’re Getting Divorced
If you’re facing a divorce, you know that it can cause stress, anxiety, and frustration. The last thing you may want while going through this process is something else on your plate to deal with. But you should take some time to review your estate plan. Ignoring it during this pivotal time can result in losing control over your assets and legacy.
1. Update Your Will
Most married people chose...