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BUYING & SELLING COMMERCIAL REAL ESTATE |
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Buying and selling commercial property presents different challenges from buying or selling residential property, especially because the parties are generally not using standard form agreements. Agreements and their terms vary from transaction to transaction and may be different depending on whether they're drafted by the buyer or the seller in the deal. But most sales involve many of the same issues. |
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COMMERCIAL MORTGAGE FORECLOSURE |
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If you're behind on your commercial building payments, your lender can declare a default and foreclose on your property. When you took out your building loan, you gave your lender a mortgage (called a deed of trust in some states). This created a security interest in your property that gives the lender the right to start foreclosure proceedings to force a sale of your property if you fail to pay your loan according to terms. |
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Today, there are many methods that a person can use to shield assets from liability and debt collection. To achieve this goal, an attorney will combine estate planning and business planning along with asset protection trusts.
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What Will Happen to My Business |
Generally, a sole proprietorship is so dependent on the personal involvement of the proprietor, continuation of the business after the proprietor' s death will often be impractical. When the owner passes away, what remains are the assets of the business such as fixtures, inventory and client lists.
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Estate Planning is Not Just for the Rich and Famous |
Estate Planning is for everyone, not just the upper class. In fact, almost everyone can benefit from proper estate planning.
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