At The Law Office of Jason Carr, we understand the critical role that life insurance plays in comprehensive estate planning. Life insurance not only provides financial security for your loved ones but also offers important…
Business Valuation Basics
If you are a homeowner, you may have some idea of how much your home is worth. If you have a retirement account, you likely check the balance regularly. However, many small business owners do…
Why Are Corporate Formalities Important?
Limited liability is an important advantage provided by corporations and limited liability companies (LLCs). The personal asset protection that corporations and LLCs provide for their owners, however, is not absolute. To maintain the liability shield,…
Should You Form More Than One LLC for Your Business?
There is no law that limits the number of LLCs an entrepreneur can own. Forming multiple LLCs may make sense under certain circumstances: for example, companies that have several rental properties, separate businesses with common…
Family Matters: Having Open Conversations About Your Estate Plan
Family Matters: Having Open Conversations About Your Estate Plan At the Law Office of Jason Carr, we understand how important it is to be transparent and honest when it comes to planning your estate. In…
What You Need to Know About Equipment Leases
Equipment leasing is an alternative to purchasing new equipment. Amid volatile interest rates and inflated equipment costs, more businesses are turning to leases as they look for ways to preserve cash while acquiring the equipment…
Can You Draft Your Own Contracts Using AI?
Written contracts are the backbone of business relationships. They outline the rights, obligations, and expectations between parties and provide a legal framework that ensures parties keep their promises. Absent written contracts, business relationships are less…
What to Do If Your Business Is in Distress
Increasing costs and rising interest rates have impacted many businesses. If your business is in crisis, there are steps you can take that could improve your business’s financial condition and help it successfully move forward.…
What to Bring to Your First Meeting with Your Business Lawyer
Many Americans dream of leaving their nine-to-five job to start their own business—and in recent years, more people than ever have been doing it. A record number of new business applications were filed in 2023,…
What Is an LLC Distribution?
A distribution from a limited liability company (LLC) is a payment of cash or property made by an LLC to the LLC’s owners, also known as members. Although state law sets forth certain default rules,…