Sometimes people seek money lending through methods other than the traditional bank, credit union or professional financial business. Some people use payday lenders and vehicle title holding loans, which have persisted through attempts at increased regulation on the state and local level. People may also find themselves in a situation where they are forced to reach out to friends and family for loans.
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Legal-Ease: Valuing components of co-owned property
Sometimes we can find ourselves co-owning property with one or more co-owners wanting to be bought out. Even if we are in the process of converting ownership of the co-owned property into assets owned by an LLC, it becomes important to value the property and each person’s portion.
Legal-Ease: Business ownership succession usually includes a plan
Every business should be prepared for when the current leader or leaders leave, for whatever reason. Proper planning allows a business to retain it’s industry experience, despite losing top personnel.
Legal-Ease: Latin words provide legal clarity in accidents
Latin terms and phrases appear in legal discussions for a variety of reasons. One of the common legal areas where one might encounter such a phrase involves determining responsibility between an employee and an employer in the case of mishap.
Legal-Ease: Do I need a trust?
Trusts can be thought of as contracts. They allow people to impose rules on inheritances, minimizing or eliminating estate taxes, if necessary. The “trustee” of the trust can distribute the property owned.
Legal-Ease: Facts, alternative facts and optical illusions
In the legal world, facts are subject to a high level of scrutiny. When facts are important to a case, they will be disputed. The law is subject to interpretation as decided by judges, and in criminal cases and most lawsuits, juries decide the facts.
Legal-Ease: What is in a name?
Choosing a business name is a seemingly simple yet vital decision. The name must be “legally distinguishable,” as determined through a variety of rules and overseen in Ohio by the Ohio Secretary of State. Sometimes, additional trade names are necessary for a business.
Legal-Ease: Lawyers showing farmers lots of love over corn class action lawsuit
In 2013, a decision over genetically modified organisms, known as “GMO,” caused a significant decrease in the price of corn in America’s markets. Two varieties of genetically modified seed corn created by the company Syngenta led to a stoppage on all U.S. corn exports to China, one of the biggest buyers of American farm crops.
Legal-Ease: I lost a loved one; now what?
The first step to saying goodbye to a family member involves taking your time to suitably grieve and be together with family and friends. One of the practicalities following a loved one passing away is hiring an attorney to help sort through and change ownership of assets.
Legal-Ease: Important documents and where to keep them
Over time, most of us accumulate a variety of important legal documents. Birth certificates, vehicle titles, social security cards, wills, deeds to real estate, life insurance policies, tax returns and other various records begin to pile up. Some of these can be easily replaced. For others, the original holds special legal value and should be kept secure.