Business Law Articles
Here’s what to think about in a distributorship agreement
If you’re a manufacturer who’s thinking about using a distributor to expand your reach into new areas – or if you’re a distributor who wants to sell products for a new company – a good contract is the key to making the relationship work and avoiding misunderstandings and conflicts. Here’s a brief list of the […]
How does your company’s 401(k) plan measure up?
The IRS has conducted a survey of 1,200 different 401(k) plans from businesses of all shapes and sizes, and has created an interesting snapshot that allows you to compare your company’s plan to other plans across the country. Here’s what the survey shows: 68% of plans provide employer matching contributions. 41% allow employees to make […]
Estate Planning Articles
Have life insurance you don’t need? Consider donating to charity
If you have a whole-life or universal-life insurance policy that you don’t need, you might want to consider donating it to charity rather than cashing it in. There are two ways to make such a donation, each of which has its advantages: (1) Name the charity as the policy’s beneficiary. The key advantage to this […]
Trust could force beneficiaries to arbitrate rather than go to court
Andrew Reitz set up a trust to benefit his sons, with an independent trustee. The trust document said that if there was a dispute between his sons and the trustee, it would be decided by a private arbitrator rather than a court. When John Reitz, one of the sons, became unhappy with the trustee, he […]
