Categories
Business

A Short Checklist for Closing Your Business

a-short-checklist-for-closing-your-business

While it is always up to you how you want to end the business, as any lawyer in Hollywood, Florida would tell you, it is never wise to close down without a plan.

At the very least, you need to consider your impact on your staff, cosigners, and lenders, and the whole community. That said, having no plan could leave you in debt and with lawsuits for years; not to mention, the headache, too.

As your legal partners and home to the best attorney in Hollywood, Florida, let us at THE ADVOCATE CONSULTING LAW GROUP help you by listing down some of what you need to do consider before when closing down your business.

  • Notify and pay your employees, your creditors (suppliers, lenders, service providers, and utilities), and your customers
  • Deal with any remaining contractual obligations—collect outstanding accounts receivable and sell off your inventory
  • Settle or pay your debts to the extent possible; prioritized to protect your liability
  • Cancel state or county permits and licenses such as your seller’s permit, and business license, etc.
  • Dissolve your corporation or LLC or partnership
  • File your final employment-related tax returns such as IRS Form 940, IRS Form 941, etc., and your final federal and state payroll deposits.
  • File your final income tax returns, checking the box stating that this is your final return.

Between your liabilities to your partners and tax responsibilities, you need to be able to work with the best attorney in Hollywood, Florida possible.

Our law firm houses the best lawyer in Hollywood, Florida for your closing needs. Schedule a consultation with us today.

Categories
Lawyer

Reasons to Make Finding the Right Lawyer a Priority

reasons-to-make-finding-the-right-lawyer-a-priority

As advocates for your rights and the home for the best attorney in Hollywood, Florida, we know that being involved in lawsuits, personal accidents, foreclosures, and the like are emotionally distressing situations.

Unfortunately, these can also cause you to make hasty decisions such as not doing due diligence before hiring an attorney in Hollywood, Florida to represent you.

Needless to say, hiring a lawyer on a whim can cause you significant difficulties. You are supposed to rely on them for legal advice and give them access to sensitive and confidential information so you need to be able to trust them.

Avoid this costly mistake by making sure that you get the right lawyer at the get-go. Still unconvinced? Here are specific reasons you should:

  • There are specialties in law
    Just like how you would go to an eye doctor for your eye problems and not a surgeon, you would not to a personal injury lawyer to help your child custody battle.
  • Changing your lawyer mid-case can be inconvenient
    You have the option of changing lawyers if you are unsatisfied but it still involves forging a new relationship which isn’t the most convenient when you’re in a heated legal battle.
  • Delays are costly
    Landing on a ‘bad’ lawyer is rare but it happens. And while you won’t have to pay for penalty fees when switching counsels, the time you spend scouring for the best lawyer in Hollywood, Florida can add up on the delays on filing, securing evidence, etc.—all of which have real costs in time and resources.

THE ADVOCATE CONSULTING LAW GROUP houses the best lawyers in the state. Get in touch with us today for all your legal needs.

Categories
Uncategorized

How Long Does a Foreclosure Process Take?

how-long-does-a-foreclosure-process-take

When facing a foreclosure, you would need to have everything in order so you can have the best possible outcomes for your situation.

One of the key areas you would have to be knowledgeable in is the timeline of the foreclosure process. As any attorney in Hollywood, Florida would know, however, the timeline can take a long time, averaging between 8 to 14 months.

That is why, it is important to work with the best attorney in Hollywood, Florida you can find.

We take pride in having the best lawyer in Hollywood, Florida who can take on your case. Here is a timeline you can expect:

  • 15 Days for Filing and Serving Lawsuit
    This is when the Bank files a lawsuit, receives a case number, and serves the papers to the homeowner.
  • 20 Days for Response
    This is when the homeowner admits or denies any allegations brought to them, files an Affirmative Defenses, or when the Bank will file a Motion to Strike.
  • 45 to 90 Days for Discovery
    A discovery is a key part of strengthening your defense. This is where you would really need an attorney as this involves a more complicated process of obtaining information from another party through interrogatories, requests for admissions, and requests for production.
  • 60 to 90 Days for Summary Judgment
    A summary judgment is a motion that is sent by the Bank to the court to get a Final Judgment through a hearing. If successfully, the Court will enter a Sale Date within 35 to 120 days.

You need expertise at this time. THE ADVOCATE CONSULTING LAW GROUP can offer you this very expertise by offering you a full understanding of the process, including what is expected of you and how things will work, as well as the avenues of relief available to you. Call us today.

Categories
Estate Plan

Why You Need to Have an Estate Plan

why-you-need-to-have-an-estate-plan

Are you considering having an estate plan? Or you haven’t convinced yourself on having an estate plan?

An individual must know why you need to have an estate plan. As the head of the family, you should set things right in your estate. Having an estate plan is an essential part of our culture. It is a protection for yourself and your family.

Sadly, there are still people who fail to set up an estate plan. For some, they refuse to have this because of:

  • Lack of knowledge
  • The cost involved
  • They did not consult the services of an attorney.

Having an estate plan is necessary to avoid these issues:

  • Family conflict.
    It is not unusual for family members to get in conflict with the other members. Fighting over the assets left by you after your death.
  • Probate.
    Passing away without leaving an estate plan will force your beneficiaries to go to court. They will have to undergo a long process to have your assets transferred to their names.
  • Asset protection.
    In Florida revocable trust, it does not provide asset protection. But you can integrate provisos into the trust as protection against the creditors of your beneficiaries. Tapping the best lawyer in Hollywood, Florida, can guide you in this process.

There are still several reasons why you should have estate planning. If you are confused about the legalities of this matter, seek enlightenment from THE ADVOCATE CONSULTING LAW GROUP. As an efficient attorney in Hollywood, Florida, we provide legal assistance to those in need.

If you are looking for the best attorney in Hollywood, Florida, check more about us here on our website. For urgent legal matters, schedule a call with us.

Categories
Child Support

What You Should Know About Child Support

Child support is an obligation by either parent, provided by law. It is court enforcement to secure payment between parents for the expenses for the upbringing of their children.

THE ADVOCATE CONSULTING LAW GROUP is the best attorney in Hollywood, Florida and among our specialized areas of practice is divorce law. In divorce matters, child support is one of the most crucial aspects. It is something that must be carefully and diligently considered. In the end, the agreement should be fair and reasonable since it is, after all, for the welfare and best interest of the child of both contending parties.

Where the parents can afford it, or if their capacity even improves, then their support for the child should also be at the same level or even better than what the child has accustomed. But if the parents suffer a loss or fail in their standing, then they should be made to give what they can afford. This also applies if one parent suffers misfortune or if another gains more success, then the amount of support they will each give will be proportional. To help both parties navigate this process, they will need the help of a divorce attorney.

As an attorney in Hollywood, Florida, we have encountered a lot of family issues. We understand that the process will never be that easy most especially if a lot of emotions will be involved.

Aside from that, a lot of factors should be considered for the lawsuit. But as the best lawyer in Hollywood, Florida, we ought to provide in-depth assistance to our clients. With our expertise in child support and family law, we will guide you through the options and aid in making the right decision.

Categories
Last Will

What You Should Know When Creating Last Will and Testament

What You Should Know When Creating Last Will and Testament

According to www.wikipedia.org, a will and testament is a legal document that expresses a person’s (testator) wishes to as how their property or estate is to be distributed after their death and as to which person or the executor is to manage the property until its final distribution.

Your will and testament will be effective upon your death. There is also what we call a Power of Attorney which is effective during your lifetime allowing you to appoint a trusted person to manage all your financial affairs if you become incapacitated or you are unable to manage your finances on your own. Having an attorney provides beneficial assistance in the long run as well.

Here are some things you should know when creating last will and testament:

  • List your beneficiaries
  • Appoint an alternative executor
  • All your children must be listed
  • Appoint an executor of your last will
  • You need to have two witnesses when you sign the document

Are you looking for a reliable attorney in Hollywood, Florida? Our firm can provide it for you.

We at THE ADVOCATE CONSULTING LAW GROUP can provide you the best lawyer in Hollywood, Florida. Our wills and trusts are two estate planning tools that we can help you set up to ensure your assets are distributed the way you want, and your heirs’ future is secure.

You can trust us to give you the best attorney in Hollywood, Florida. For further questions and inquiries, please do not hesitate to call us or send us a message.