Blog - Page 25 of 37 - Lawan Law Group, PLLC

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Ensure Your Intellectual Property Is Fully Protected & Leveraged With An IP/Brand Audit For Your Business

Although intellectual property (IP) has always been an essential part of most companies’ overall value, with the rapid rise of internet-based technology and e-commerce over the last few decades, IP is increasingly becoming the primary source of value for businesses both large and small. In fact, studies show that today up to 80% of the value of a typical business is IP. And as of 2020, more than 84%—$19 trillion—of the S&P 500’s market cap is represented by intangible assets like IP. https://www.wipo.int/wipo_magazine/en/2016/01/article_0002.html] https://theonebrief.com/whats-your-intellectual-property-worth-chances-are-you-dont-know/] Despite the critical importance of these assets, even the largest corporations aren’t always properly valuing or… View Post

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Protect Your Children’s Inheritance With A Lifetime Asset Protection Trust

As a parent, you’re likely hoping to leave your children an inheritance. In fact, doing so may be one of the primary factors motivating your life’s work. But without taking the proper precautions, the wealth you pass on is at serious risk of being accidentally lost or squandered due to common life events, such as divorce, serious debt, devastating illness, and unfortunate accidents. In some cases, a sudden inheritance windfall can even wind up doing your kids more harm than good. Creating a will or a revocable living trust offers some protection for your kid’s inheritance, but in most cases,… View Post

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6 Ways You Can Still Save On Your Company’s Tax Bill For 2021

In light of the pandemic, the rules and programs governing income taxes for businesses have changed numerous times over the last two years, which has caused confusion and headaches for more than a few business owners. And while many of the pandemic-inspired programs and tax breaks have already ended or will end soon, a few of these programs still stand to impact your taxes in 2021. The good news is that even though many of these programs are ending, the impact on the overall taxes paid by most small businesses is not expected to be all that significant. Moreover, in… View Post

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7 Last-Minute Moves To Save On Your Taxes For 2021

Although many strategies to save on your income taxes must be locked in before the end of the year, there are still numerous ways you can reduce your tax bill right up until the filing deadline, which has been pushed back to Monday April 18th due to a holiday on April 15th. Some of these strategies are time tested and available every year, but with all of the legislative changes made during the past two years to deal with the pandemic, there are also a few opportunities that won’t be around much longer, with some only available this year. While… View Post

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Must-Have Business Insurance For Startups

When you are just starting your business, it’s easy to lose sight of just how many potential risks your company faces. Yet a single accident or lawsuit can wipe out your company before it even has the chance to get off the ground. While setting up a business entity like a limited liability company (LLC) or corporation can protect your personal assets from liabilities incurred by your business, it won’t protect your business assets—that’s where business insurance comes in. You can’t protect your business 100% from every single threat, but you can greatly improve your chances of surviving by having… View Post