When your business needs cash to survive, you may expect to borrow from your 401(k) account or other savings. This is called “bootstrapping” and it seems like a straightforward, “do or die” solution. Unfortunately, some people may not have sufficient savings to infuse...
Frustration of purpose/impossibility of performance lease clauses
If you’re a commercial landlord, these last few months have probably been challenging. Not only are many of your tenants unable to make their lease payments, but some may no longer see a reason to renew. Meanwhile, your expenses haven’t gone down. There may not be...
Could a complex trust reduce your capital gains taxes?
If you’re planning to sell your business or some of your assets this year, you may want to set up a complex trust. Doing so could eliminate the capital gains you might otherwise be expected to pay. There are a couple of traditional ways to reduce or defer capital...
