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Blogs

Your place for the latest updates and stories in the world of wills, trusts and business law.

Retirement Updates Amid COVID-19

On May 4, 2020, the Internal Revenue Service (IRS) published questions and answers regarding retirement...
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Estate Planning Awareness Week – Things to Review

Because estate planning is a comprehensive plan and not just a single document, it is...
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WHY WOULD I EVEN NEED AN ESTATE PLAN…OR AN ESTATE PLANNING ATTORNEY?

WHO IS GOING TO FEED FIDO? It’s important to not think about estate planning as...
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Myths We Tell Ourselves About Estate Planning

Estate planning can be a very difficult process. While it’s not brain surgery, making the...
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The Importance to You and Your Family of Having an Estate Plan

In 2008, Congress recognized the need for the public to understand the importance and benefits...
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The Importance of the Estate Planning Checkup

After arranging your accounts and property with an attorney, it is easy to assume that...
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How to Own Your Real Estate

Real estate encompasses not only one’s primary residence but also other real estate such as...
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Thirteen Estate Planning Terms You Need to Know

Estate planning—it is an incredibly important tool, not just for the uber wealthy or those...
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COVID-19 CHECKLIST FOR PARENTS – The 7 Things You Need To Do Now

The coronavirus pandemic has made life unpredictable. One day your child is in school and...
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Get Started in Building Your Legacy

Helping families prosper using business and estate planning.

Sales Tax: What You Need to Know

Many small business owners contend with collecting, reporting, and paying sales tax. Although there is...
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Important Upcoming Compliance Deadlines for Your Business

Busy small business owners have many tasks on their plates: A significant one is staying...
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How Business Owners Can Avoid Deadlocks in Decision Making

Are you considering starting a business with a friend or family member? If operating as...
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When Should You Use a Stay Bonus Agreement?

Do you have certain key employees who help make your family business a success? Keeping...
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Legal Issues to Consider Before Selling Your Product Online

If you are considering expanding your physical business or starting a home-based business, selling your...
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DIY Legal: The Hidden Costs for Businesses

Information is instantaneously available due to the rise of the internet. Additionally, many services that...
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Commercial Space: Should You Lease or Buy?

The location of your small business is an important factor in whether it succeeds or...
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Can Your Small Business Write Off Bad Debts?

Despite your best efforts to work only with customers or clients you believe will pay...
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LLC Operating Agreement: Is a Non-Compete Clause Necessary?

You and several friends start a new business and decide to operate it as a...
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Does Your Home-based Business Qualify for the Home Office Deduction?

According to the Small Business Administration, about 50% of all businesses are home-based. If you...
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Is Your Original Written Content Protected from Theft?

Today, the majority of small businesses have their own websites. If you have included original...
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New Privacy Law in 2020

Data privacy laws requiring businesses to take steps to safeguard customers’ and employees’ personal information...
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Protecting Your Business Reputation: What Is Trade Libel?

The popular adage says, “sticks and stones may break my bones, but words can never...
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Six Steps for Forming an LLC

One of the first decisions to make when starting a business is what type of...
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Follow This 8 Point Plan When Starting Your New Business

Starting a new business can seem overwhelming – especially when you’re doing it alone. Creating...
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What Is an S Corporation and Should I Form One?

Contrary to popular belief, the S corporation is not a distinct entity type. According to...
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Understanding How LLC Members Pay Taxes

Limited liability companies (LLCs) are one of the most popular types of business entities. The...
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What Is a Business Succession Plan?

If you own a small business, developing your succession plan is a critical element of...
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What Are the Benefits and Risks of Forming an LLC?

If you have decided to start a business and are researching the available business entity...
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Security Standards for Businesses That Accept Credit and Debit Cards

According to Total System Services, Inc., 80 percent of the consumers questioned in a 2018...
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Legal Considerations for Social Media Influencers

As a business owner, you may be considering leveraging social media to enhance your business’s...
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Does an Employee Handbook Create a Contractual Obligation?

Every business with at least one employee should have an employee handbook, sometimes also called...
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Cybersecurity: Protecting Your Business.

Cybersecurity is a growing concern for businesses, and small businesses are not immune from the...
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Business License and Permit Requirements.

If you are starting a new business, it is important not to overlook federal, state,...
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The Personal Guarantee: 5 Ways Small Business Owners Can Reduce Their Liability.

Small businesses make a huge contribution to the U.S. economy. Nevertheless, starting a new business...
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What is the Difference Between an LLC and an LLP?

If you are starting a new business, the type of business entity you decide to...
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What Records Do Small Businesses Need to Keep for Taxes?

Tax season is just around the corner, so now is a great time to make...
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SECURE Act: Problem or Opportunity?

On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement...
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SECURE Act: How It Will Affect You and the Beneficiaries of Your Retirement Accounts

On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement...
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4 Reasons to Consider Your Business Structure

As your small business expands and evolves, it may make sense to consider changing its...
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Should Your Small Business Have a Vacation Policy?

There is no legal requirement for businesses to offer paid or unpaid vacation time to...
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Why Your Business Should Have a Health Savings Account

With the rising cost of health insurance, employers and employees alike are looking for the...
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What You Need to Know about Family and Medical Leave

Federal law has required certain businesses to offer family and medical leave for decades. An...
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7 Key Elements Prospective Funders Look for in a Business Plan

As the economy improves, more and more entrepreneurs are considering starting or expanding their small...
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How to Deal with Negative Reviews Online

You’ve worked hard to build your small business. Nothing is more frustrating than negative online...
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Impact of Tax Reform on Small Businesses

Now that it’s tax season, you may be concerned how the Tax Cuts and Jobs...
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What You Need to Know about IRS Form 1099: Reporting and Requirements

If your business made or received payments to independent contractors and entities (other than compensation...
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The Holiday Season Is A Perfect Time To Consider Estate Planning.

Tis the season of giving and family. It’s the most wonderful time of the year...
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The Employee Handbook: The Holy Grail of Your Business

Employee handbooks address the who, what, where, why, and how of your business operations. Your...
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Making an S Corporation Election as a Married Business Owner

If you’re a married business owner and you want your business to be taxed as...
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Employee Misclassification: The Fine Line between Non-Exempt & Exempt Employees.

For as long as the Fair Labor Standards Act (FLSA) has governed the rules of...
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I Need To Hire Someone for My Business; What Do I Need To Know?

The goal of most businesses is to grow – at least somewhat. However, in order...
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Business Trademarks: What’s Really in a Name?

If you’re thinking of starting a business (or already have a business in the works),...
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Social Media Mistakes that May Put Your Company’s IP at Risk.

Being active on social media is hardly a choice anymore for small to medium sized...
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5 Steps to Take When Winding Down Your Business.

There are many reasons business owners close up shop, including retirement, starting a new venture...
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Laws, Rules, & Regulations That May Not Apply To Small Businesses.

An extraordinary number of laws, rules, and regulations govern businesses and their employees. A small...
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5 Reasons Your Single-Member LLC Needs an Operating Agreement.

An operating agreement is a contract that controls your LLC’s operations as well as member...
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Are Your Trade Secrets Really Safe? 4 Steps To Safeguard Your Competitive Edge.

A trade secret is a piece of information which is confidential, can be legally protected,...
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Celebrate Our Own Independence This 4th of July.

Whether it’s the smell of barbeque or the booms of fireworks, nothing compares to celebrating...
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Independent Contractor or Employee: It’s Very Easy to Cross the Line

Many businesses prefer to hire independent contractors because there’s often less overhead and fewer expenses...
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Estate Planning 101

You have an estate. That’s right, your car, real estate, and the contents of your...
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This Father’s Day Think About Your Loved Ones.

The month of June is known for Father’s Day. A time of year when families...
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Spring is in the air.

We’re reassured spring has finally sprung as we watch ducklings waddle in the park and...
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Valentine’s Day, think about what is important to you and your family.

Valentine’s Day is upon us, which means love is in the air and couples are...
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Snow Showers Bring May Flowers.

After a seemingly endless winter, spring has finally sprung. The change of season leaves an...
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Our Client Testimonials

What our clients say about us

  • As difficult a subject Estate Planning can be to discuss, Gifford made the entire process seamless and comfortable. He was responsive, educational and patient with us as we navigated through this project. I wouldn’t hesitate to recommend Gifford and Collins Law in the future!

    Brian
  • My husband and I have done estate planning with Collins Law Firm, LLC and Giff was wonderful to work with.  He made the whole process easy to understand and execute.

    Lynette
  • Gifford is very knowledgeable and thorough. Be prepared for a thick stack of organized papers. He helpfully includes a summary in less legal terms. I trust the estate plan and my relationship with Gifford will meet my needs.

    Ann