Category Archives: Legal stuff
0
A Quick Sidebar Re George Steinbrenner & the Estate Tax
As many of you know, I was an estate planning lawyer for almost ten years and today one of my businesses trains estate planning lawyers on a new way of being with their clients.
So, I can’t help but post something about George Steinbrenner’s death and all this talk about how his family saved $600 million because he died in 2010, a year when we have no estate tax.
If you don’t know what I’m talking about, you can read about the estate tax and what Congress is doing about it.
What I want to make sure everyone knows is that:
LIFT Your Way to Your Next Break Up
It’s an almost certainty that any relationship you are in right now is going to end. Relationships are more fluid than they ever have been before.
We don’t stay at the same job for 40 years, collect the gold watch and retire. We rarely stay married to the same person. We move, we shift, we evolve. Relationships end. It’s just the way it is.
The greatest chance you have of ending your relationships in a way that does not result in emotional distress is by planning for the break up at the beginning of the relationship. When you love each other.
Do I Need (and Should I Sign) an NDA?
I try to listen when the Universe sends me a message. I’ve been getting this one loud and clear. There is a LOT of confusion about when to use a Non-Disclosure Agreement (NDA).
And before you go ho-hum, boring, consider this …
If, how and when you present an NDA can make or break a relationship. And, if you just choose to do nothing, you really could get taken.
So, what to do?
Never fear, I’ve got some guidelines about:
- when to ask for a Non-Disclosure Agreement if you have an idea you want to protect,
How to Save Thousands in Legal Fees
Yesterday, I was coaching a private client who will be offering a $50,000 training package in the fall.
A big ticket item.
Before she makes her offer, she wants to prove she can successfully train someone else on her methods. Smart.
She’s been extremely successful in her own business, but has not yet trained an outsider, so wanted to take on a test case while we get the program designed and marketing materials ready for her launch.
I thought that was a great idea, but only if she had an airtight agreement with her test case that would protect her intellectual property and her reputation in case something went wrong.
Expensive LIFT Mistakes: Choosing the Wrong Business Name
Since I started my series on expensive legal, insurance, financial and tax mistakes and launched my new LIFT Foundation System & Toolkit, I have received emails from several people about their own LIFT mistakes.
I wanted to share this one with you because it’s quite representative of reality AND it goes to show you that even if you have been to law school, you still need to know more than you think you do when it comes to the foundation of your business because your mistakes can cost you multi-thousands of dollars.
Expensive LIFT Mistakes: S-Corp or LLC?
As I get close to the launch of LIFT, I’m going to post a little series here on expensive mistakes I see people frequently make when it comes to legal, insurance, financial and tax.
The first one has to do with one of the most common questions I get asked – should I set up my business as an S-Corp or an LLC?
In fact, this is such a common question I saw a friend of mine asking it on Twitter!
So before I answer the question, let me say this:
This is NOT a decision to be made by asking Twitter.
Did you read that agreement you signed with your …
UPDATE POSTED AT THE END:
I just got an agreement for the redesign of my blog from Naomi Niles. And I’m super excited to work with her.
My assistant’s assistant (seriously? yes, my assistant hired an assistant to help us with the move) handed it to me to sign and I was about to do that thing I’ve done so many times in the past … sign it without reading it.
