Displaying items by tag: utah county lawyer

LLC’s vs Corporations

 

As you start the process of forming your own business you will come to a lot of the legalities involved with owning your own business. The attorneys at Robinson, Seiler & Anderson in Utah County give you the advice and expertise you need when it comes to the legalities of your business. One aspect of forming your business will be the creation of your entity. You have a few choices when it comes to the type of entity you can have with your business including LLC’s (Limited Liability Company) and corporations. Below are some facts you should know about each entity along with the differences between the two.

 

LLC’s

LLCs protect business owners, also referred to as members, from being held personally liable for the actions of the LLC. This limited liability typically protects you from the personal risks involved if a lawsuit were to arise concerning your business — safeguarding your personal assets. LLC’s also come with the benefit of flexible management. While corporations have a set management structure, LLC’s don’t have to have the same formal management structure. They also come with the benefit of pass-through taxation. This means taxes aren’t required to be paid at a business level. Your income and losses will be reported on your personal tax return.

 

Corporations

There are two main types of corporations; S corporations and C corporations. An S corp is a “pass-through” tax entity, like the LLC. In contrast, C corps are taxed as separate entities. They are also subject to “double taxation” if corporate profits are distributed to owners in the form of dividends. C corporations pay tax on their profits first at the entity level and then owners pay taxes at the individual level on profits received as dividends, resulting in the double tax.  Each has their own advantages and disadvantages, it just depends on what your business will need when it comes to entities.

 

Now that you know the basics of each type of entity you can make an informed decision when it comes to the formation of your business. The attorneys at Robinson, Seiler & Anderson in Utah County will go through every aspect of your business with you and help you to get started off on the right foot. Make sure to give our office a call to schedule your first consultation today.

Steps to Starting a Small Business

 

Starting your own small business can be a lot to handle at first. With the proper plan in place, the help of the attorneys at Robinson, Seiler & Anderson in Provo will ensure success of the start-up of your small business. Below are some steps you should consider following when it comes to starting your own small business.

 

Write a Business Plan

While you are still in the start-up/ creation phase of your business you will want to sit down and write up a business plan. This plan should address:

 

·       Your vision. What will be the end result of your business?

·       Your mission. Different to a vision, your mission should explain the reason your company exists.

·       Your objectives. What are you going to do -- what are your goals -- that will lead to the accomplishment of your mission and your vision?

·       Your basic strategies. How are you going to achieve the objectives you just bulleted?

·       Write a simple action plan. Bullet out the smaller task-oriented actions required to achieve the stated objectives

 

Determine a Budget

Having a set budget in place will help you to keep costs low and live within the means that your business can produce. If you are self-funding your own business you need to be highly realistic about how much money you have and what your budget could be. While determining your budget you need to remember to count how much cash you’re spending each month and how long you can stay in business before you need to make a profit. Budget a reserve in case your business hits a low and you need a little help to at least break even with all of your costs.

 

Decide on a Legal Entity

Getting the legalities of your business set in place can take time and money. You’ll need to account for city or municipality licensing, state incorporation or business entity fees and more. Do a thorough search ahead of time to determine what the filing fees are for your city, county and state before starting any business. To help you in determining what kind of entity would be the most beneficial for your business you will want to consult with the attorneys at Robinson, Seiler & Anderson in Provo.

 

Starting your small business will take a lot of time and effort, but with the right plan in place and the help from the experienced attorneys at Robinson, Seiler & Anderson in Provo you can have a successful small business.

Bad Habits that Lead to Bankruptcy

 

If you find yourself contemplating bankruptcy due to your debt and inability to pay your bills, you may be asking yourself how you even got to this point. The bankruptcy attorneys at Robinson, Seiler & Anderson in Provo can help you when it comes to all your questions regarding bankruptcy and what your filing options are. To help you in the process of bankruptcy you need to be aware of the bad habits that got you here in the first place.

 

Not Paying your Bills

Yes, bills are a drag. But they can actually drag you down if you are avoiding payment or are inconsistent with paying your bills on time. The more you avoid paying your bills, no matter what they are, the more they will increase in the amount you owe. It will eventually get to the point of your credit decreasing rapidly.

 

Multiple Credit Cards

The more credit cards you have the more debt you can accrue. If you are good at managing your debt and have consistently been able to pay off the debt you owe, then it is ok for you to have more than one card. If you are like most people having multiple cards is an easy way to gather a lot of debt in a short period of time. Late payments on your cards or maxing out your credit cards each month will hurt your credit score.

 

Avoiding Budgeting

Sitting down and making a budget may seem daunting, but it will help you to realize how much you can really afford in order to live within your means. Without a budget you aren’t fully educated on what you have coming in and going out money wise. You need to make sure you are keeping enough money in hand to pay for all of your cost of living bills along with the extras that include eating out and seeing the occasional movie.

 

Bankruptcy is hard to go through. Now that you know some of the bad habits that lead you to bankruptcy you can now evaluate your habits and make the necessary changes. If bankruptcy is the only option to solve your debt problem, you can rely on the bankruptcy attorneys at Robinson, Seiler & Anderson in Provo to walk you through the process and make sure you are taken care of. Call our office today to schedule a consultation with one of our bankruptcy attorneys.

Tips on Keeping your 401(k) Current

 

401(k)s can be very beneficial when it comes to planning your retirement. Most employers offer 401(k)s and if you are self-employed you can get yourself a Solo 401(k). These plans are there to help you as you near retirement. That is why it is so important to make sure they are current and giving you the most benefits. Consulting with the lawyers at Robinson, Seiler & Anderson in Provo can help you in making sure you are getting the most out of your 401(k). Below are some tips to make sure your retirement plan is current and compliant.

 

Keep it Current

It is vital to keep your plan current and compliant. The IRS requires all 401(k) plans to be reviewed and amended at least once every 6 years. If your plan is not up-to-date and you happen to have an audit you will be subject to fines and possible plan termination. It is always a good idea to review and amend your plan every two to three years to make sure it is compliant with all current laws.

 

Keep Track of your Plan Funds

If you are one of many that have a 401(k) you need to make sure you are keeping track of your funds.

You want to make sure you know where each contribution is coming from. Keep track of how much you put into the plan and how much your employer/company is putting in as well. Have a written accounting record documenting all these different fund contributions so you can be aware of any miscalculations.

 

Report Contributions and Rollovers

With a 401(k) you may have had the option to roll over funds from an IRA or another 401(k). You need to make sure that you indicate all rollovers and contributions into your current 401(k). When rolling over funds you will receive at 1099-R form that will indicate that the funds were transferred to your current retirement account and won’t be subject to being taxed. Any other contributions you make will be taxed properly, making your account correct and current when it comes to the IRS. 

 

401(k)s are there to help you, not hurt you. As long as you are following the laws set in place and keeping track of the activity of your retirement fun you should come out with the retirement funds you have been working hard towards. For more information on 401(k)s and the legalities involved, feel free to schedule a consultation with our lawyers at Robinson, Seiler & Anderson in Provo today.

What you need to do After an Accident at Work

 

If you find yourself being the victim of an accident that occurred at your workplace then you need to know what steps you need to take in order to protect yourself and your assets. We at Robinson, Seiler & Anderson in Provo can help you and inform you of exactly what steps need to be taken. With the tips listed below and the expertise of our personal injury attorneys you can make sure you are covered. 

 

File an Accident Report

The first step you want to make sure to take is to file an accident report with your employer. Many states have a very short period of time in which you must report an accident in order to be covered under workers compensation. Because of this, you should report any accident that you are involved in on the job, whether or not you believe you are injured. If it turns out you aren’t injured filing an accident report is a good way of informing your employer of safety measures that need to be reevaluated. 

 

See your Doctor

After an accident you will want to go and see your doctor or go to the ER as soon as possible. Take into consideration, if you are not seriously injured, you should ask your employer if they require you to see a certain doctor or if you can choose which doctor to go to. If your employer chooses the doctor and you are not satisfied with how things went at your visit, you may want to consider seeing another doctor of your own choosing. If needed you can always get a second opinion. The more you do to receive honest confirmation of the injury and the extent of it the more evidence you have to provide.

 

Visit with a Lawyer

To protect yourself even further you might want to consult with one of the personal injury attorneys at Robinson, Seiler & Anderson in Provo. We can provide you with the information and suggestions you need to make sure you are covered. For more information on our law firm and the cases we handle on a regular basis call to schedule a consultation or browse our website today.

Understanding the No Child Left Behind Act

 

Over the few years you may have heard various opposing views regarding the No Child Left Behind Act (NLCB). The No Child Left Behind act of 2001 was President George W. Bush administration’s attempt at providing this basic human right to children of the country during his 2-terms as Commander in Chief. While the act was replaced in 2015 there were some very positive aspects of the act that can help you in better understanding why it was implemented. We at Robinson, Seiler & Anderson in Provo can provide you with an attorney and the facts listed below to help you to better understand the No Child Left Behind Act.

 

Accountability of Schools

One aspect of the act was to hold the schools accountable by keeping track of their progress with the children. Schools who participated honestly and avoided the cheating scandals of falsifying test scores actually benefited. Schools that meet their goals were rewarded. On the other hand, schools that did not meet their goals for two consecutive years were labeled “in need of improvement” and then were to notify the families.

 

Federally Funded

Due to the amount of funds available and the way they were implemented the program had a very broad reach throughout the nation. More than $1-billion in NCLB funding was spent annually on a reading program that ensured all children received adequate instruction learning to read. NCLB also allowed for States and Districts to spend their money flexibly.

 

Qualified Teachers

The NCLB Act actually required teachers to be qualified for the positions they held and provided funds to make this possible. It was mandated that all teachers be licensed and hold at a minimum, a bachelor’s degree. The act also required teachers to be educated in the specific area they were teaching.

 

Proven Teaching Methods

The NCLB Act also made it so teachers were required to teach in particular methods that have been proven to be successful. These methods were provided to reach all the children and help them in increasing their successes. 

 

While you may have your own opinion on the No Child Left Behind Act there were some positive aspects of the Act that were proven to make an impact. If you find yourself needing more questions or needing a consultation with one of our attorneys at Robinson, Seiler & Anderson in Provo regarding your child’s right to an adequate education please call and make an appointment today.

Steps to take when your Child’s School isn’t taking their Bullying Seriously

 

Hearing that your child has been dealing with bullying at school and having their school seem to not take it seriously enough can be very frustrating. We at Robinson, Seiler & Anderson in Provo can provide you with a lawyer that can walk you through the steps you should and can take to help your child in their situation. Below are just a few of the steps you can take when you feel like your child’s school isn’t taking their bullying experience seriously.

 

Have your Voice Heard

The best thing you can do is to talk to everyone you can about your situation. Most importantly take the time to continue talking to your child. Being there for them to express how they are feeling and what they are going through can help them through the process. Bullies want their victims to feel isolated. Talking to your child about every aspect of their life that they are willing to share will help to take the feeling of isolation away. The next step is to talk to the school officials. It is best to do this by scheduling an appointment and allowing you to gather your facts and thoughts on the situation. Try not to let emotions take control of the meeting. Finally, you can talk to your fellow parents and community members to help create awareness of what is going on at your child’s school.

 

Document Everything

It is so important to make sure you document everything you can when it comes to your child’s bullying situation and the corresponding meetings you have regarding the bullying. When your child comes to you to explain their bullying experiences make sure you document everything they say while the memory is still fresh. Take notes during meetings with school officials along with dates and times of those meetings. You might even want to go as far as producing a document with an agreed solution to the problem and have all of the people involved sign it.

 

Don’t Give Up

This whole situation may take some time and effort in order to see the result you want. To help you through the process and to know what your rights are legally it is always a good idea to meet with one of our trusted lawyers at Robinson, Seiler & Anderson in Provo. For more information about our law firm and how we can help you please visit our website.

Revocable vs Irrevocable Trusts; what are the Differences

 

Knowing the differences between Revocable and Irrevocable trusts can help you in making the right decision for you family and your unique situation. The experienced lawyers at Robinson, Seiler & Anderson Law Firm in Provo, Utah can walk you through what type of trust is best for you. Below we have listed some of the differences between revocable and irrevocable trusts.

 

Ownership of Property

When deciding what to do when it comes to ownership of property you need to know the differences that an irrevocable trust and a revocable trust can provide you. A properly set-up, implemented, and funded irrevocable trust can provide the best possible protection of assets from claims by creditors, as the assets have literally changed ownership. This is very different from a revocable trust situation where the Grantor retains completed ownership of the property.

 

Modification of a Trust

An Irrevocable trust works to protect your assets from every angle. Whereas a revocable trust allows the instrument to be modified or revoked at the Grantor’s discretion; this means that the assets in a revocable trust are still available for anyone to take. The term ‘irrevocable’ generally implies that the trust cannot be changed under any circumstances.

 

Appointment of Trustees

When it comes to appointing a trustee to your trust you want to make sure you have full control over the situation. With an Irrevocable trust the grantor will appoint a trustee that has a fiduciary duty to protect the assets. The trustee will manage the assets in the trust and is bound by its provisions. By having a trustee who is a separate entity from the Grantor, it is apparent that the Trustee is exercising independent control over the trust assets. With a revocable trust, the Grantor often also serves as the Trustee, maintaining control over the assets in the trust.

 

Knowing the differences between a revocable and an irrevocable trust will help you in determining what to do with your assets. The lawyers at Robinson, Seiler & Anderson Law Firm in Provo, Utah can help you to fully understand the differences and help you to choose the one that benefits your unique situation. Call us today to learn more about our law firm and how we can help you throughout the process of making trusts.

Common Personal Injury Claims

 

Robinson, Seiler & Anderson in Provo is known for their experienced personal injury attorneys. We work hard for you when it comes to your personal injury claim. To know more about what we commonly do we have provided you with the most common personal injury claims we tend to deal with.

 

Vehicle Accidents

Vehicle accidents are by far the most common personal injury claims we deal with. There are approximately 6 million auto accidents a year within the U.S. and most are caused by negligence, distracted driving, and bad weather. No matter the cause you need a lawyer that can get what you deserve in your personal injury case. They will guide you through the process and make sure you have all the evidence and paperwork you need in order to be successful in your case.

 

Slip and Fall Cases

Slip and fall cases are mainly caused by the negligence of the opposing party. Negligence injuries are typically sustained in a public area, placing responsibility on either a private business or corporation, government agency, or organization. Misplaced or faulty equipment, poorly labeled areas of danger, and failure to comply with building codes are all examples of negligence that can lead to personal injury. These personal injury cases tend to be a little more complicated when it comes to legalities.

 

Work-Related Injuries

When an employee sustains an injury at work or develops an illness related to work conditions, a workman’s compensation claim should be filed. Your employer is legally responsible for ensuring a safe and healthy work environment. It is always a good idea to have your personal lawyer involved and informed throughout the process to make sure your employer is doing everything they are legally supposed to do.

 

Robinson, Seiler & Anderson in Provo has the expertise you need when it comes to personal injury claims. Our personal injury attorneys use their expertise to provide you with all the aspects you need to have a successful case. Call us today to schedule a consultation.

Qualities of a Great Attorney

 

When you need an attorney you should have someone that you trust completely to help you no matter your situation. The attorneys at Robinson, Seiler & Anderson in Utah County could have all the qualities you need in an attorney. Below is a list of qualities that every great attorney should possess.

 

Experience

When searching for an attorney you want to know that they have the knowledge and experience to handle any case that may come their way. Having an attorney that specializes in the area of law that you need assistance with is only beneficial to your case. They can walk you through all of your options and help you to get the best outcome possible.

 

Communication

You will need an attorney that is willing to collaborate and communicate with you. A great attorney will listen to your needs and goals. They will then offer helpful and educated suggestions pertaining to your specific situation. Don’t pick a lawyer that isn’t willing to explain things in a way that you can fully understand.

 

Availability

Nothing is worse than finding your “perfect” attorney only to realize they are too busy to meet with you when you need them most. You need an attorney that is willing to make changes to their schedule to fit your needs. Ask your potential attorney about their current workload and if they will be available when you need the most assistance.

 

Reputation

The best way to determine if your attorney will suite your needs is by doing a little research and asking for references. You can easily determine on how honest and hardworking your attorney really is by scouring reviews and talking to references.

 

It is more than reasonable to be picky when it comes to hiring an attorney.  Using the tips above can help you determine what makes a great attorney. The attorneys at Robinson, Seiler & Anderson in Utah County strive to meet all of your expectations. Stop by our office or give us a call to learn more about who we are and what we specialize in.

View Our Testimonials Announcement

Norman H. Jackson, Utah Court of Appeals Judge, Retired, has joined the law firm of Robinson, Seiler & Anderson, LC, effective April 2017.  Judge Jackson was one of the seven founding Judges of the Utah Court of Appeals and served terms as Presiding and Associate Presiding Judge.
 
Judge Jackson was the senior attorney in a Richfield law firm for eighteen years.  The firm engaged in legal, business and tax cases, including practice before State and Federal Courts, U.S. Board of Land Appeals, Utah Public Service Commission and Arizona Corporation Commission.  Clients included counties, cities, banks department stores, communications and credit associations, irrigation companies, auto dealers, building supply stores, farmers, ranchers and small businesses. They took “every type of case that came through the door,” from criminal defense work to a patent royalty dispute for the inventor of the Frisbee. Judge Jackson has been a lifetime rancher doing business in Utah as Jackson Cattle Company and Arizona as EJ Cattle Ranches.
 
Judge Jackson’s professional service includes terms on the Utah State Bar Commission, Bar Foundation (President and Vice President), Air Travel Commission, and Utah Information Technology Commission.  He served on the Judiciary’s Alternate Dispute Resolution Committee for thirteen years and initiated and supervised the Appellate Court Mediation Office.  He developed and advanced a realistic and workable framework for both of Utah’s Appellate Courts to use in reviewing trial court and administrative agency decisions.  He published three editions of Utah Standards of Appellate Review while participating in more than 2,000 appellate court decisions.  
 
Judge Jackson’s experience will complement the other outstanding lawyers at Robinson, Seiler & Anderson, LC.  The firm will continue its representation of injured individuals, as well as clients in real estate, business, estate planning, tax, contract and education matters.
 

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