We've all taken financial hits. You have many other issues to concern yourself with but another to put on the "to do" list is to review your last will. Why? Falling net worth results in specific bequests eating up an increased percentage of your estate.

In case you have not heard, the Court of Appeals for the Federal Circuit just cast a shadow over all business method patents. See In re Bilski. Opinions range on the effect of Bilski but it casts a shadow over all BMPs.

Discussion of division of authority between LLC managers and members. Lawyer blog focuses on LLC operating agreement drafting issues as well as other issues related to LLC formation.

Lawyer's blog on Last Will and Testaments. A common question is whether one needs a new will when moving from one state to another within the United States. This article analyzes this issue under the Uniform Probate Code with examples from other states.

Breaking down the LLC act on the issue of personal liability of members for debts of the LLC. Sure to be an important topic for small businesses in these uncertain economic times.

In these uncertain economic times, LLC members are advised to plan ahead for the potential bankruptcy of a member when drafting their LLC operating agreement.

Lawyer's blog on Last Will and Testaments--devising tangible personal property by written list without the formalities of last will.

What happens when one LLC members does the work while the other LLC member free-loads and the operating agreement provides for equal distribution of LLC profits regardless of how much work is rendered by the members? One option is to bolt the LLC.

One of the main reasons for forming an LLC is liability protection of the members from the debts of the LLC. But what about the reverse, a claim by a creditor of a member against the assets of the LLC?

Article explains how to structure an LLC with members who are to be passive investors.