You are a new business owner and have decided to organize your business as a limited liability company (LLC). You are its sole owner and work for the company. How do you pay yourself? Are there guidelines regarding how often and how much you are entitled to? How do...
Peace Of Mind For Your Family And Your Future
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How can you develop a strong succession plan?
As a Delaware business owner, you should be used to making plans for your business. Even if you don’t see the time coming any time soon, there will come a time where your business has to change hands and you have to step down. According to Forbes, there is one...
What is a Medicaid spend-down?
If you are approaching the age when health issues have you thinking about an eventual move into a Delaware nursing home, you need to become aware of the high cost associated with such care and determine how you will cover it. Unfortunately, very few people can afford...
I inherited the family business. What do I do now?
Inheriting your family business is a great honor. Maybe your parents walked you through the business processes and prepared you for this momentous task. Or, maybe they remained tight-lipped about who would be in charge for decades. Whatever the case, this Delaware...
What are your responsibilities as an adult guardian?
The State of Delaware defines a disabled person as someone over the age of 18 who has a physical and/or mental impairment that prevents her from caring for herself and/or her property. If you are the loved one of a disabled person, it may fall to you to take on a...
Child custody decisions in Delaware
Parents who are going through a divorce in Delaware must consider factors involved with child custody decisions. Ideally, the parents should decide together what living arrangements are best, but if not, the court will decide, and a judge will consider what is in the...
What is the difference between a LLC and an S Corp?
A very common question new business owners have in Delaware is, “What is the best way to structure my business in order to save on taxes?” To this end, there are many different options to choose from when you are starting out. One of the more common decisions many...
What is a line of credit?
If you are thinking about starting a business in Delaware, you probably have an issue that many new business owners are dealing with: namely, funding. Starting a business is typically a huge expense, and most of us do not have thousands of dollars sitting around. One...
How can I help my kids through a divorce?
Thousands of marriages across Delaware and the United States end in divorce every year. And while a divorce is an emotionally wrought process for anybody who goes through it, it can be very difficult for children. If you are going through a divorce with kids, it makes...
How can I fund a new business?
Many people in Delaware dream of starting a new business. Of course, businesses usually require some form of capital in order to get started. The saying is “you need to spend money to make money,” but if you have no money to spend this can be a difficult to cycle to...