Abundance Law: Your One-Stop Shop for Real Estate, Business Entity Formation, and Estates
Abundance Law is a law firm that specializes in estate planning, wills and trusts, and living wills. We keep up to date with the latest estate laws so our clients can rest easy knowing they are working with professionals who know the industry inside out.
We understand that everyone's needs are different- some need help forming their business entity while others need help drafting their living will. All of these services are available at Abundance Law!
Planning Your Estate
Why is estate planning so important? Because it's the only way to ensure that your family is taken care of in case something happens to you. Without a will or trust, your estate will be divided according to state law which may not reflect your wishes. This means that your estate may not go to the person who you would want it to, and state law might not honor any restrictions or conditions that you have.
Writing a will can seem easy online but obtaining one from an estate planning lawyer ensures protection for your family in case something happens to you. If you don't have a living trust already written up, estate planning lawyers can assist you with estate taxes, estate administration, and estate distribution.
These are just a few of the many reasons why it's important to consult an estate lawyer before writing your will or trust. Abundance Law is a one-stop-shop for all of your estate planning needs. We keep up to date with the latest estate laws so our clients can rest easy knowing they are working with professionals who know the industry inside out.
Establishing Your Business Entity
When starting a small business, it's important to protect yourself and your assets. You may need to register a business entity with your state’s Secretary of State, as well as federally with the IRS. A business law attorney can help you set up a legal business entity to help you avoid liability for business debts, and help you tax plan in the best manner possible.
There are several types of business entities, each with different advantages. Each state may have slightly different rules and regulations for each type of business entity. In Texas, these business entities include:
- Sole Proprietorship - a small business owned by an individual who is not separated from the company in case something goes wrong.
General Partnership - one or more individuals come together to start and run a small business but they do not go through the same formalities such as filing articles of organization with the state that is required of other entities.
Limited Partnership - a limited partnership has both general and limited partners. The general partners are responsible for the day-to-day operations of the company while the limited partners are not involved in running the business but share in the profits and losses.
Corporation - a corporation is a legal entity that is separate from its owners and is owned by shareholders instead of individuals.
Limited Liability Company - an LLC is owned by one or more individuals and can protect your personal assets from the liabilities of the LLC.
Choosing a small business structure can be confusing to figure out on your own, so it's important to seek help from a small business or corporate lawyer before filing any paperwork. It's also important to consider which entity will provide you with the most advantages.
Abundance Law is a progressive law firm that specializes in business entity formation and supports small businesses on their journey. We keep up to date with the latest business laws so our clients can rest easy knowing they are working with professionals who know the industry inside out. Our skilled lawyers have helped business owners within the past decade by keeping up with the ever-changing trends in business law.
Securing Your Investments
Whether you're an experienced real estate investor or just starting out, it's important to know that your investments are secure. There are several ways in which investors can protect their money and assets:
Real Estate Contracts - a real estate contract is the central agreement between the buyer and seller of a property.
Purchase Agreements - A purchase agreement is a written legal document that outlines the terms and conditions of a real estate sale. This document can begin the negotiation process.
Joint Ventures - A joint venture is an agreement between two or more parties to engage in a business enterprise for profit-sharing purposes. These are common when real estate investing with friends, family members, or even strangers online.
These documents can be confusing and it's important to have an experienced real estate lawyer review them before signing. Real estate contracts, purchase agreements, and joint ventures are all legal documents that can be contested in court if not written up correctly.
Abundance Law is a full-service law firm with years of experience in real estate law. We have helped investors protect their hard-earned money and assets through real estate contracts, purchase agreements, and joint ventures. We are proud to offer our clients the best services in business law so they can rest easy knowing their investments are secure.
Contact Abundance Law Today!
When you're ready for all of your estate planning, business law, and real estate needs or simply want more information on our services, don't hesitate to contact us. You can call us at our main office or fill out our contact us form and a member of our team will contact you as soon as possible. We offer FREE consultations so you can learn more about our firm and how we can help you achieve your goals.
