What is a nonprofit organization? A Nonprofit Organization, also known as 501 (c)(3) corporation, is an entity whose primary mission is to give charitable, educational, or religious benefit to society without gaining any economic benefits. Examples of nonprofit organizations range from the Bill and Melinda Gates Foundation which raises money for purposes such as scholarships, … Read more
Dental malpractice definition. A malpractice is a term used to refer to professional liability for negligent acts. When we talk about dental malpractice specifically, we refer to negligent acts committed by a professional in dentistry. This includes, but is not limited to dentists, oral surgeons and/or orthodontists. The usual scenarios of dental malpractice include wrongfully … Read more
If you are considering having a LLC formed in Nevada, there are a few steps you might want to consider before you start planing. First things first, name your LLC. An LLC’s name must include the words: Limited-Liability Company, Limited Liability Company, Limited Company, Limited, or one of these abbreviations: “Ltd.,” “L.L.C.,” “LLC,” or “LC.” … Read more
Common Law Marriage, definition. A legitimate common law marriage usually includes both the advantages and restrictions of an official marriage. While some may be familiar with the concept of common law marriage, many actually ignore its legal implications and details. Common law marriage is a legally recognized concept that might exists between couples who are … Read more
Introduction to canceling your timeshare purchase. You bought a timeshare but you want to cancel it or back out of it. The first rule of thumb is act very fast, as early as possible. Check whether you qualify for the rescission period, which is the amount of time you have to cancel the purchase. The … Read more
What is the definition of “alimony”? Alimony, also known in some states as “maintenance” or “spousal support,” is applied when one spouse earns substantially more money than the other spouse to whom they have been married for several years but have decided to get a divorce. The theory behind the alimony payments lie in the … Read more
Benefits of structuring a LLC in Texas. A Limited Liability Company (LLC) is a very beneficial option if you are thinking of starting your business in Texas or have already been operating as a sole proprietor. LLCs limit an owner’s personal liability for lawsuits and business debts and offer a lot of flexibility when it … Read more
Once you have decided to become a homeowner, your first step is deciding which loan is best for you. FHA, VA, and conventional loans have some similarities, but they are as different from each other, as day and night. FHA Loans. A Federal Housing Administration (FHA) loan is a mortgage insured by the Federal Housing … Read more
If you are wondering how to create a corporation in California, this guide might be what you are looking for. Start by naming your corporation. This might sound like an effortless fun first step when forming a corporation, but it is not as simple as it seems. First off, the name of your corporation should … Read more