According to the IRS, a closely held corporation limits its shareholders to just a few individuals, often less than 35. Generally, at least half the shares of a closely held business must be under the ownership of no more than five people. Review the pros and cons of...
What should business owners consider in business succession planning?
As a business owner, you know that you cannot oversee and manage your operation forever. At some point, you will have to pass your business over to someone else and hope that your operation continues to thrive. The U.S. Small Business Administration states that as of...
Headed for divorce? Understanding the custody process can help.
The most important – and often the most contentious – aspect of any divorce is the determination of child custody. If you have an impending divorce, you may be worried about the possibility of not winning a custody dispute. Knowing the process that courts follow when...
How do courts determine the “best interests of the child?”
Cooperation between parents may prove difficult during a divorce. In addition, custody decisions may put parents on edge through the court process. It may help to understand how the court thinks when it comes to deciding custody. One of the standards used by Louisiana...
Are mothers favored in custody battles?
Traditionally, family court judges presiding over divorce cases in Louisiana tended to grant sole child custody to mothers. A lot of people think this is still the practice today. But this is a myth. As in every other state, Louisiana's custody laws require that the...
Who gets the house in divorce?
You may have a lot of great memories in your family home. Even though you and your spouse have decided to divorce, you want to keep this home. It will offer your children stability amid the divorce and give you stability and comfort too. Yet, will you get your house...
How do you choose the right business formation?
With the new year comes new goals. If this year’s goals involve starting your own business, growing your existing business, or ensuring that your existing business is reaching its maximum potential, there are several important decisions that you will need to make....
