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Report: Tennessee number one for job growth in small businesses

It's understandable why people in certain regions of the nation would prefer to avoid any and all discussions concerning the Great Recession, which took an incredible toll on not just homeowners, but employers and employees alike. However, the chances of encountering such reticence are considerably less here in Tennessee, which not only weathered the economic storm remarkably well, but has since seen considerable growth.

In case you have a hard time believing this, consider a recently released report on small business growth by one of the largest payroll processors in the U.S.

The Four most important real estate documents

Securing your real estate for your descendants is one of the most important legal steps you will ever take in your life. So how do you plan to go about it? Simply having a last will and testament document is not enough to have a secure estate plan. Here are four documents that your plan needs which will determine what happens to your estate after you pass away:

  • Power of Attorney
  • This document answers the question of what happens when you are unable to handle your own affairs. A general durable power of attorney drawn up in a person's name ensures that the person is able to act on your behalf in the eyes of the law. Paying your bills, filing your tax returns and the general execution of all your financial matters can be done by the person you authorize in this document. 

Probate preview: What is the process all about?

Unless your loved ones take steps to avoid the probate process while creating their estate plans, you will likely find yourself going through such legal proceedings after their deaths. If a loved one appointed you executor of the estate, you may have a bigger role to play in the proceedings, but nonetheless, you may find yourself involved if you stand to inherit any property or face any other connection to the estate.

Hard money lending in the residential real estate sector

Most Tennessee home buyers seek a conventional loan based on their credit rating, income and down payment, but there are situations where they may turn to a hard money lender. The terms of hard money loans are generally far shorter than those of traditional mortgages, and this kind of financing could be useful for home buyers as well as for people who plan on selling their homes quickly.

Unlike conforming FHA and VA loan underwriters, hard money lenders do not take income, employment history or credit ratings into account when assessing a loan application. Hard money loans are based on the value of the property involved, and this can be a challenge as hard money lenders generally offer loans across the country and may not be familiar with local market trends.

What actions can you take against sexual harassment?

Sexual harassment, whether overt or subtle, is behavior that should not be tolerated in the workplace. Many victims, however, feel powerless to speak up against these offensive actions, so they do nothing.

Instead, those who have endured harassment should realize that they have rights - particularly the right to a safe work environment. If you have been sexually harassed, there are informal and formal actions you can take to hold responsible parties accountable for their actions.

Are you worried about how your kids will adapt when you divorce?

Did you know Tennessee has a divorce rate of approximately 90 percent? In fact, data suggests there are some state regions where the divorce rate exceeds the marriage rate. This lets you know you are definitely not the first parent to be concerned about how your divorce is affecting your children. Like most parents, you only want what's best for them, right? It's true that divorce is not easy and takes a toll on every member of the family in different ways.

Many parents who have gone through similar situations in the past have said that one of the most important things you can do to help your children adjust is to let them know, unequivocally, that the divorce was not their fault in any way. Child psychologists, faith leaders and other leading child experts say this is often a key factor to alleviate children's fears and reassure them during difficult times.

What business owners should know about eminent domain - II

Earlier this month, our blog began discussing how commercial litigation is a somewhat nebulous term, encompassing far more than just contract disputes and shareholder disagreements. Indeed, we indicated that it frequently revolved around other legal issues that people typically don't associate with the business world, such as eminent domain.

To that end, we began providing some basic background information on what eminent domain is and the degree to which Tennessee law has established limitations on its use. We'll continue our examination of this complex -- and frequently controversial -- topic in today's post.

Considering the purchase of an existing business? Proceed with caution

While most people think the initial issue that all budding entrepreneurs must decide is the selection of a business entity, meaning whether they wish to organize as a sole proprietorship, corporation or limited liability country, this is not actually the case.

Indeed, the first issue those looking to get into business for themselves must decide is whether they want to start their own business, operate a franchise or purchase an existing business.

Can you be fired for reporting your employer's actions?

"Whistleblowing" is a term used when an employee reports an illegal action or business practice on their employer's part. When we see something in the workplace that puts people at risk or is an unfair action, such as an act of discrimination, we probably do not want these things to happen again. Many people refrain from whistleblowing though, because they fear for the future of their careers. Can your employer fire you if you blow the whistle on their actions?

What business owners should know about eminent domain

When most people hear the term commercial litigation, their thoughts immediately turn to complex court cases concerning everything from contract disputes and shareholder disagreements to valuation issues and even antitrust violations.

While there is technically nothing inaccurate about any of these depictions of commercial litigation, it's important to understand that it's a fairly nebulous term, meaning that it can actually center around other legal issues that people might not otherwise associate with the business world, including eminent domain.

Contact us today to learn more about how we can help you resolve your legal situation.

To discuss your specific situation and to learn more about how we can help, call us at 731-300-1592 or submit an inquiry via our online contact form.

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Jackson, TN 38301

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