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Scarborough Law, LLC.

General Blogs

  • Published: September 18, 2019

  While various types of insurance can protect your business from lawsuits and other liabilities, perhaps the greatest liability of all—especially if you’re the sole owner of your business—is what could happen to your company when you die or if you should become incapacitated by accident or illness. To ensure your business—and the income it provides your family—is protected if you’re no longer in the picture, you’ll need to create and maintain an effective estate plan. Without a proper estate plan, your business could quickly fall apart, leaving your family at risk. Relying on a…Read More

  • Published: September 16, 2019

One of the most frustrating things for an entrepreneur is coming up with a great business idea, but being unable to get the concept off the ground due to a lack of financing. With banks often unwilling to loan money to startups that have yet to make at least two years of income, unless you personally know someone who’s willing to loan you money, it can feel like you have few options to fund your fledgling operation.   You may consider alternative financing methods like peer-to-peer lending, crowdsourcing, and venture capital financing, but those methods…Read More

  • Published: September 14, 2019

Now that same-gender couples can legally marry in all 50 states, more Americans than ever before are enjoying the rights and benefits that come with marriage. Estate planning is one arena where these new rights and benefits are readily apparent. With marriage equality, same-gender couples no longer must pay exorbitant amounts of money for creative estate-planning workarounds just to achieve similar protections offered to opposite-gender couples. Yet same-gender couples continue to face unique planning challenges. Because you may have family members who remain opposed to the validity of your marriage, same-gender couples’ estate plans are…Read More

  • Published: September 11, 2019

As an entrepreneur, you’ve probably put lots of thought into the best ways to start and grow your business. But you likely haven’t put nearly as much effort into thinking about how you’ll sell it or exit it, in general. And if you decide that selling is the way to go, you’ll want to start considering that now, whether you are just starting out or have been in business for years. Putting your business up for sale is not something you want to do on the fly or without careful planning. You’ll need to clearly…Read More

  • Published: September 9, 2019

These days, lots of people consider their pets to be members of their family. Indeed, pets can become our closest companions. As such, it’s only natural you’d want to make sure your furry friend is provided for in your estate plan, so when you die or if you become incapacitated, your beloved companion won’t end up in an animal shelter or worse. However, unlike your human family members, pets are considered your personal property under the law, so you can’t just name them as a beneficiary in your will or trust. If you do name…Read More

  • Published: August 28, 2019

We are living in an era of unprecedented Request For Evidence (RFE) issuance rates and an increasing H-1B denial rate. Recent statistics released by the U.S. Citizenship and Immigration Services (USCIS) reveal an 83.5% approval rating for petitions with RFEs for FY2015 while FY 2019 approvals have plummeted to 61.5%. For the H-1B worker who has invested six, or even more, years in building a life in the United States, a complex RFE or denial can be devastating. The higher RFE and denial rate has resulted in a flurry of inquiries from H-1B workers seeking to…Read More

  • Published: July 31, 2019

Setting up your business as a corporation or limited liability company (LLC) is a crucial way to protect your personal assets from debts and other liabilities incurred by your business. The ability of a corporate entity, such as an S Corp or LLC, to separate and safeguard your personal assets is referred to as creating a “corporate veil.” When properly constructed and maintained, the corporate veil offers you vital personal liability protection from creditors, lawsuits, and other business disputes. That said, the personal liability protection offered by these business entities is not absolute. Indeed, there…Read More

  • Published: July 16, 2019

As more and more businesses take advantage of the numerous benefits of using independent contractors (ICs) in lieu of full-time employees, the line between worker classifications can get somewhat blurred. Understanding the difference between the two can be complex, but getting it right can be one of the most important business decisions you’ll ever make. This is true not only in terms of productivity and your bottom line, but misclassifying your workers can also cost you big-time in penalties, including fines, back taxes, and unpaid benefits. With so much on the line, you need to…Read More

  • Published: July 13, 2019

When you create your estate plan, the idea that one of your adult children would ever use their inheritance to bankroll a cult is probably something you’d never dream of, much less anticipate. Yet that’s exactly what 40-year-old Clare Bronfman, heiress to the multi-billion-dollar Seagram’s fortune, did with hers. In the end, with her inheritance—and the power that came with it—she was led her down a dark path that seems almost too outlandish to be true. In May, Clare pled guilty to felony charges of harboring an illegal alien and fraudulent use of a deceased…Read More

  • Published: July 8, 2019

In a recent Facebook post “Processes to go through with your parents before they die,” Daniel Schmachtenberger, founder of the Critical Path Institute, outlined seven simple exercises to use with your parents that can offer significant healing and completion for their life and yours. While Daniel shared these processes in the context of the impending death of a parent, the reality is that your parents are heading toward death, even if there is no official diagnosis. And starting these processes when mortality isn’t immediately on the table is even better.   Help them make a…Read More

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