In Kentucky, people can get involved in their own business in many ways. It is not always a matter of creating a product, marketing it and selling it by themselves. In some instances, they take an established brand and work under its umbrella by purchasing a...
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Year: 2021
Common types of businesses in Kentucky and how to choose the right one
Forming a new business is partly a giant leap of faith, but it can also require many carefully considered legal decisions as well. One of the first things a Newport entrepreneur needs to decide is which type of business they would choose to establish. The type of...
Reasons for contesting a will
There are many wills that go through the probate process without any disruption. The estate’s debts are paid, the beneficiaries receive the property designated for them in the will and the estate is closed. However, there are situations where a person may decide to...
The hazards of faulty wiring in the home or office
Electrical wiring issues are responsible for more than 50,000 house fires annually, and unfortunately, many of these calamities are avoidable. Electrical fires cause hundreds of thousands of dollars in property loss, including the expenses of reconstructing the home...
Who else may be at fault in a catastrophic truck accident?
Truck collisions are some of the most tragic events to occur on our nation’s highways. Although truck drivers are professionally trained to operate and maneuver unwieldy and extremely heavy vehicles at high speeds with a special emphasis on safety, when collisions do...
What is breach of fiduciary duty?
You place a lot of trust in the hands of an executor after someone dies. As a fiduciary, they have an obligation to fulfill a duty. In this case, to execute the deceased person’s will with accuracy and honesty. However, not all fiduciaries act with integrity....
What does it mean to be of sound mind?
A will is an excellent testamentary tool that can be included in a Kentucky resident’s comprehensive estate plan. There are many requirements that a will must satisfy in order to be considered valid though. One of those requirements is that the will’s creator must be...
Greater attention being paid to avoiding pedestrian accidents
In Kentucky and across the United States, October is dedicated to pedestrian safety with National Pedestrian Safety Month. This is not a random step to remind people on the road to be vigilant about pedestrians. It is to address a rising problem and prevent injuries...
Options for closing, selling or transferring your business
After cultivating a successful business in Newport for many years, the time may come when you want to retire. At this point you may be considering closing, selling or transferring your business. If so, you will want to know some basic points on what to do when it...
What is the difference between a general and limited partnership?
Choosing the best business form for your purposes is an important decision. Each form carries advantages and disadvantages that must be considered. The number of participants, the nature of the business and its long-term goals will all impact which form provides the...