By Andrew J Thompson If you’re selling a business, one of the first decisions you will make is whether you should list it with a broker. If you’re buying a business, one of the first places you’re likely to look is with a business broker. The fact that a buyer may be as likely to work withContinue Reading
What does this mean? In essence, DIO means enabling more people in more places to participate in the potential financial rewards of saving and investing.
Dealing with Taxes and the IRS: Offers in Compromise When the Internal Revenue Service expanded the “Fresh Start” initiative in 2012, more flexible terms were offered for Offers in Compromise to enable taxpayers with certain kinds of financial distress access to means to eliminate past tax debts and related credit issues. The elimination of debt,Continue Reading
By Andrew J Thompson Indiana enacted the Uniform Premarital Agreement Act in 2014, but the law itself makes it apply to any agreements entered into on or after July 1, 1995, Indiana Code section 31-11-3-1. This provision would likely be overturned if a party had entered into an agreement in 1996 or later, but hadContinue Reading
Many men will face a situation in their lives they would otherwise think incomprehensible. It goes something like this: a phone call is placed to their estranged girlfriend, wife or ex-wife to speak to their child. But there’s no answer, just voicemail – and then, no return call either. A day goes by, then two,Continue Reading
If your family has been in the farming business for many years, you know the “simple life” on the farm can produce many complexities in the families’ finances that don’t present themselves to the rest of the population. The phrase “land rich and cash poor” is widely used in reference to family farms where landContinue Reading
In the rules of interpretation of written contracts, there are generally two schools of thought. One is to consider only the terms of the written document itself, the other is to consider outside evidence (“extrinsic evidence”) in interpreting the contract. The former approach presents a challenge in language interpretation, the latter approach presents a myriadContinue Reading
If the employer comes up short in making payment, it can be very costly, including a multiple of the amount of the unpaid wages or commissions, plus attorney fees and other costs.