A limited inventory of houses is causing home prices to steadily increase across in many parts of Utah. This is occurring at the same time that thousands of prospective new residents are being attracted to the state by its strong economy. This has led the Salt Lake...
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Year: 2018
A joint venture agreement is legally binding like other contracts
If you've ever seen one of the many different business investment shows on television, you've likely heard the terminology "core competency" used. It has to do with a company defining what they do well so that they can use it to their competitive advantage. When two...
Some aspects of commercial leases should be closely inspected
If you own a startup, then you may have looked into the idea of signing a commercial lease for office space. Leasing as opposed to buying your office can save you a significant amount in upfront costs. Residential leases are different from commercial ones in the...
Tech startups are flocking to Utah to set up operations
A study published on June 11 by Crunchbase News shows Utah is fast stepping away from being known only as a hot spot for tourists hitting the slopes and would-be attendees of the Sundance Film festival. It's instead starting to be though of by business investors as...
What are some reasons why home sales often don’t go through?
If you've been in the market for a home long enough, then you've likely had the misfortune of finding out that one you were interested in purchasing was no longer available when you went to make an offer for it. Months later as you continue your search, you may have...
What are the benefits associated with mergers and acquisitions?
When it comes to a company deciding to expand either domestically or internationally, many elect to either merge with or acquire new companies in order to give themselves a competitive advantage in the market. Companies who merge with or acquire other ones often do so...
How does having a retirement account impact estate planning?
When it comes to estate planning, you shouldn't forget to address your retirement plan when getting your affairs in order. As you embark upon end of life planning, you'll want to look at your retirement plan and make sure you've designated a beneficiary that you're...
Real estate attorneys are beneficial to have around pre-purchase
Buying a home always is an involved process, but it can be particularly complex if it's your first time doing so. That's why, even if your jurisdiction doesn't require to have your own attorney present to close on your property, you should. You may also benefit from...
The benefits of setting up an S versus a C corporation
Once you become committed to setting up a business, choosing between the many different incorporation options can be difficult to do. A standard C corporation and an S corporation each carry with them different advantages and disadvantages. When it comes to ownership...
It’s important to have a plan for transferring a family business
Some reports cite that there may be as many as 5.5 million family-run businesses in the United States. It's estimated that these corporate entities contribute just over $8 trillion to the American economy each year. This equates to at least 57 percent of this...