Mar 2014

What You Need to Know about Online Legal Services

Technology has transformed the way people communicate and do business. Every day, companies across the country exchange documents and information online. The world has become a faster, more productive place. Although the legal industry is still playing catch-up when it comes to using the Internet to conduct business, the emergence of online legal document preparation websites is a clear indication that the law is becoming more accessible. What most people do not realize, however, is that commercial legal document preparation sites are quite limited in scope and function. More importantly, they are not a substitute for advice from a real attorney licensed to practice law in the state where you live. So how do you bridge the gap between fast, affordable legal documents and the services offered by a real attorney in your town? Fortunately, that bridge...
Mar 2014

Employee Non-Compete Agreements in Missouri

Employee Non-Compete Agreements

Run a business long enough and you are bound to encounter a situation in which a high-level employee leaves your company to go work for the competition. When employees have access to sensitive information, such as customer lists or company trade secrets, employers understandably want to curb these individuals' ability to spread that information around to competing businesses. To prevent former employees from misusing sensitive data, many employers turn to non-compete agreements. Non-compete provisions in employment contracts are formally known as a type of "restrictive covenant." Although they are legally permissible, employers must be careful to respect a former employee's right to earn a living when drafting non-compete agreements.

Non-Compete Agreements in Missouri

Non-compete and non-solicitation provisions in employment contracts are enforceable in Missouri as long as they are "reasonable." More specifically, they must strike...
Feb 2014

An Overview of Guardianships in Missouri

Guardianship Basics

Most people have heard the term "guardianship" but never really think about it until they need one. A spouse gets sick or an elderly parent starts exhibiting signs of dementia. In other cases, new parents worry what will happen to their child if an accident occurs. In any case where someone is unable to look after himself, it is necessary to create a guardianship.

Guardianships vs. Conservatorships: What's the Difference?

In Missouri, guardianship law allows a person or legal entity (the guardian) to oversee the physical well-being and finances of anyone determined to be incapacitated (the ward). Although many people associate wards with elderly adults, minor children and disabled adults can also be wards. Furthermore, Missouri law uses the term "guardianship" to refer to the care and custody of the person and "conservatorship" to describe management...
Feb 2014

Starting Your Business: LLC or Corporation?

Choosing the Right Business Entity

Whether you are just starting a new venture or growing your business beyond a sole proprietorship, you must decide which business entity suits your needs. In the world of small business, there are two clear choices: a limited liability company (LLC) or an S-corporation (often shortened to s-corp). Both LLCs and s-corps do what a sole proprietorship does not, and that is remove your personal assets from the reach of your business creditors. Additionally, both entities treat business income as your personal income for tax purposes.

Differences between LLCs and S-Corps

Despite the similarities, there are several key differences between LLCs and s-corps.

Income Allocation

If your business has several owners, an LLC allows you to distribute income however you wish. For example, a two-member LLC can distribute income in a 70-30 split in cases where...
All « First...10111213