Allison Cochran – Page 2 – Cochran Law Firm, P.L.

Shielding Your Personal Assets: How to Create an LLC

If you’re a business owner and have been operating your business as a Sole Proprietor, you’re leaving the personal assets of your family at risk. From a creative side hustle to a tech startup, owning a business always comes with some level of financial investment and risk, whether you’re purchasing supplies, leasing office space, or […]

Why Every Business Owner Should Consider A Trust

Trusts are often underused or misused tools for business owners, as they can provide a range of tax, asset protection, and succession planning benefits, when established and maintained in the right way. As a Personal Family Lawyer® with family business planning expertise focusing on serving business owners, I can help you choose the right Trust […]

Multicultural family of 3 sitting together, younger person hugging older woman

Your Rights As The Parent Of A Young Adult — What You Need To Know When A Medical Crisis Hits

As a parent, you are quite accustomed to managing your children’s legal and medical affairs, as circumstances require. If your child requires urgent medical attention while away from you, a simple phone call authorizing care can do the trick. But what happens when those “children” turn 18, now adults in the eyes of the law, […]

4 Fundamental Asset Protection Vehicles For Business Owners

Regardless of the industry you are in, the reality of being a business owner is that you open yourself up to a number of unique risks that most people don’t have to worry about—and the more successful your business is, the more risks you face. Unfortunately, most business owners aren’t fully aware of all the […]

5 Reasons Why Shopping For The Cheapest Estate Plan Could Leave Your Family With An Unintended Mess

In most cases, from the most sophisticated business people with the highest net worth to those just starting in the workforce and on their path to adulthood, you very likely do not know how to evaluate estimates when shopping for an estate plan. Shopping for an estate plan based on getting the lowest cost plan […]

February 12, 2023
By Allison Cochran
Business
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5 Ways Your Personal Assets Could Be at Risk From Your Business Activities

One of the main reasons to up your business as a corporation or limited liability company (LLC) is to shield your personal assets from debts and other liabilities incurred by your business. Corporations and LLCs exist as separate legal entities from their owners, allowing the business to acquire assets, enter into contracts, and take on […]

January 29, 2023
By Allison Cochran
Business, Taxes
No Comments

The Benefits Of Employing Your Kids

Paying your children—whether they’re tweens, teens, or young adults—to work for your company is one of the greatest advantages of running a family business. By hiring your kids, you can help them develop a strong work ethic, give them experience managing money, and jumpstart their ability to save for their future, all while keeping more […]

Why Every Adult Needs A Living Will

When it comes to estate planning and wills, you have a variety of options for legal documents. The most common of these options is a “last will and testament,” which is also known simply as a “will.” But you may have also heard people talk about a “living will” and wonder what that is, and […]

Who Should Own Your Business Entity?

If you’ve decided to incorporate your business or review the type of entity you already have in place, it’s essential to not only choose the right entity, but also decide who (or what) should own that entity. Unfortunately, most basic business lawyers overlook this question, and I want to ensure you don’t miss it just […]