Category - Do it Yourself

The value of expertise–a recurring theme

January 2, 2018

The cost of screws and a metal plate is not the proper test of value for a surgical procedure. This is not a new subject. Rather, it is a repeated theme. There seems to be a common disconnect between experience and expertise on the one hand and price and value on the other hand–at least […]

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Secrets of “THE LAW”

July 21, 2017

If you meet an attorney claiming to know THE LAW, find a different attorney. There are many misconceptions in the world of lawyers and law stuff. A great many. One of the most prominent is the mistaken belief that just because someone has a law degree and has passed a bar exam that person knows “THE […]

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Single Member LLC–what, why and when?

December 30, 2016

What is a single member LLC and why would you want one? We have previously written a fair amount on LLCs generally, including what they are and why they can be useful legal entities. This post will focus on single member limited liability companies. As the name indicates, a single member LLC has one owner–and […]

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lenders and LLCs–rental property stuff

December 19, 2016

It is usually a good idea to own rental property through an LLC. As the name suggests, an LLC is designed to limit liability. Think of a limited liability company as a legal liability firewall vehicle. In other words, if some sort of legal claim arose from the operating of your rental property (say a […]

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Buy-Sell Agreements: Mistakes to Avoid (Part 2)

August 27, 2016

A buy-sell agreement can provide essential protections for business owners. Don’t take my word for it, listen to the contributing writers at Forbes.com. Though this article is not new, the applicability of the February 2011 article by Robert W. Wood, titled “In Business, Get a Buy-Sell Agreement!” has not changed. You can click here to […]

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The similarities between knives and powers of attorney

August 11, 2016

Are knifes dangerous or useful instruments? That depends on how they used and for what purpose (and by whom). Most of us would not see a typical kitchen knife and immediately have feelings of panic and fear.  We understand that kitchen work often requires the use of knives.  And it is difficult in most instances to prepare […]

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An LLC as a legal liability firewall (Part 2)

June 9, 2016

It is important to start any venture the right way and the formation of a LLC is no exception. While it is sometimes possible to correct mistakes later, it is not always possible to undo all damages caused or save the money that was spent in cleaning up messes created by improper actions. This is part of a multi-part discussion […]

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The value of the surgeon

May 20, 2016

Are you paying for the surgeon or the scalpel? We all have knives at the house. Some of us even have surgical scalpels (or other very sharp instruments). Likewise, many of us have access to medical supplies. Why then do we not just perform surgery in our homes, especially in this world of “do-it-yourself” […]

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variations on a common theme–assets outside a trust

May 9, 2016

A Trust can be compared to a safe, a barn or some other type of protective structure. Each of these protects and preserves only those items within. This is a common theme about which we have written and spoken many times previously. Even so, while answering public inquiries on an internet Listserv earlier today, I was […]

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Wisdom from James Madison for Business Papers (Part 2)

April 8, 2016

Though only 4,500 words, the U.S. Constitution contains many important details relating to the organization and operation of our government. While it has been amended 27 times in the years since first ratification, the original document has been remarkably stable and helpful over the years. This is the second part on the topic of what insights James […]

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