A personal guarantee is a legal mechanism to make one person personally liable for a debt that otherwise isn't theirs. For example, when I was in college, my first landlord asked for a parent to …
Handbook, Offer Letter, and Employment Contract
A lot of my clients come to me when they need an employee handbook, offer letter, or contract for employment. That makes sense to me. Hiring your first employee is a minefield of legal troubles. In …
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The Dream LLC Setup
The Dream LLC Setup is generally that structure that provides the most protection and tax advantages for the owners. Ideally, one LLC protects the owners from all personal liability, but that's not …
Laid Off to Consultant
If you've been laid off, you might be considering becoming a consultant full time or while you look for your next employment. For the purposes of this article, we're assuming you will be a solo …
What to Look For in a Severance Agreement
If you were recently laid off or are getting laid off soon, you're probably interested to know what's in the severance agreement. This article explores what to expect when reviewing your own …
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What is a Personal Guarantee?
A personal guarantee is when a person promises to cover the debts of another. For example, you can personally guarantee your business's lease. In that example, you're promising to pay the rent if the …