EPGD Business Law Archives - Page 2 of 7

Estate Planning

What is a GRAT?

GRAT, short for Grantor Retained Annuity Trust, is a type of irrevocable trust that alleviates the tax cost of passing assets to your beneficiaries.

Kathrine Karimi January 10, 2020

Business Law

Dissolving a Delaware Corporation

Corporations lean on Delaware’s favorable business laws when it is time to incorporate their business. However, what happens when you want to dissolve your Delaware corporation?

Eric Gros-Dubois January 10, 2020

Business Law

What You Need to Know About Non-Disclosure Agreements

Breaching an NDA can have serious consequences (e.g., a lawsuit against the person who is revealing the private information). Normally, the remedies for a breach of an NDA are in the NDA itself. Therefore, it is important to have a detailed NDA, which includes what is covered by the contract and the repercussions for disclosing such information.

Oscar Gomez January 10, 2020

Tax Law

Nonprofit Forms 1023 & Form 1023-EZ

The main difference between Form 1023-EZ and Form 1023 is the information required from the organization and the time for approval. Form 1023 is used by organizations that are bigger and expect to receive more than $50,000 in the following three years. While Form 1023-EZ is three pages, Form 1023 is 26 pages!

Kathrine Karimi January 10, 2020

Estate Planning

How Should you Handle Car Ownership in Estate Planning?

Car ownership should always be considered when thinking of estate planning. There are different options to how a person should approach dealing with their vehicle and an estate plan.

Kathrine Karimi January 10, 2020

Employment Law

What Happens If A W-2 Employee Finds Out The Employer Wasn’t Withholding Employment Taxes?

Employers are responsible for sending the W-2 form to the IRS and to the employee each year, which reports the employee’s annual wages and the amount of taxes withheld from his or her paychecks.

Eric Gros-Dubois January 10, 2020

Estate Planning

What Happens to a Car Lease After the Car Lessee’s Death?

Often times, payments still need to be made and the payments become the responsibility of the deceased car lessee’s estate. Sometimes car dealerships will negotiate with the personal representative of the deceased’s estate and may be able to transfer the remaining lease to another person.

Kathrine Karimi January 9, 2020

Tax Law

Qualified Opportunity Zone Funds

The first Opportunity Zones were designated on April 9, 2018. To date, the Treasury Department has certified more than 8,700 Opportunity Zones spanning 50 states, the District of Columbia, and five U.S. territories qualifying for the aforementioned tax benefits.

Eric Gros-Dubois January 9, 2020

Business Litigation

Higher Stakes in County Court for Florida Civil Lawsuits: What are the Minimum Amounts of Money you can sue for in Circuit Court in Florida?

The Florida court system has two tiers of trial courts; the circuit courts and county courts. Circuit courts have jurisdiction

Oscar Gomez January 9, 2020

Estate Planning

Is an Executor the same as a Personal Representative?

The personal representative you appoint will be the person in charge of handling your estate once you pass. This individual has vast responsibilities and powers; therefore, your personal representative should be someone that you trust.

Kathrine Karimi January 9, 2020