Entries by Michael Spadaccini

The Development of Law and Equity – a Primer

England developed two independent legal systems in its history, and we refer to those systems as “law” and “equity.” Today, we hardly notice the difference, notes Austin-based injury lawyer Adam Ward. The most common remedy a court of law can award is money damages. Equity, however, enters injunctions or decrees directing someone either to act […]

Alimony and Child Support–An Overview

Alimony is distinct from child support, which calls upon the obligation of parents for the support of minor children, based on their ability to pay.

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Best State to Incorporate

Shopping for a State in which to incorporate? We’ve analyzed the filing fees, privacy laws, and filing burdens for all 50 states. …we favor low fees, low hassles and maximum privacy. Read on to learn more each state’s individual requirements and fees in our fifty state report card and pick the best state to start […]

Small Claims Demand Letter

This article explains how to draft a small claims demand letter, and includes a sample document. This is a must-read if you are thinking about pursuing a small claims court case.

Must Contracts Be Signed or Initialed on Every Page?

Must Contracts Be Signed or Initialed on Every Page? Short answer? No. You may have noticed that often some multi-page contracts contain a location on each page for all parties to initial. Often you will see these small signature lines in the lower right hand corner of each individual page of a contract. The practice […]

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1099 After Foreclosure | Cancellation of Debt Income

As we noted in Foreclosure Law, foreclosure is the process by which a bank or lender takes possession of collateral used to secure a loan. Put another way, foreclosure happens to a homeowner when he or she doesn’t pay their mortgage. And in What Is a Deficiency Judgement in a Foreclosure | Debt After Foreclosure […]

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Sample Form | Part Time Employment Agreement

Sample Part Time Employment Agreement [ This Agreement differs from the Full Time employment agreement in that it does not provide benefits to employees ] [date][Company Name] Date: ________________ [employee name] [employee address] VIA [PERSONAL DELIVERY or MAIL Dear [employee]: We are pleased to offer you a position with [company name]. Your start date, manager, […]

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Credit Repair After Foreclosure

How Does Foreclosure Affect My Credit? Foreclosure devastates credit–the only greater “derogatory” on a credit report is a bankruptcy. If you follow your FICO scores, you would tend to see a drop in the 120 to 150 point range. The amount of the drop will vary depending on the other items on your credit report. […]

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Sample Form | Full Time Employment Agreement

Sample Full Time Employment Agreement [ Full Time employment Agreement] [date] [employee name] [employee address] VIA [PERSONAL DELIVERY or MAIL Dear [employee]: We are pleased to offer you a position with [company name]. Your start date, manager, compensation, benefits and other terms of employment will be as set forth below, and on EXHIBIT A. TERMS […]

What Is the Best State to Form a Corporation?

We have all seen the advertisements touting incorporation services in a particular state. These advertisements appear in media ranging from airline magazines to internet ads. Indeed, in the past thirty years, states have risen to challenge Delaware’s prominence as America’s most popular corporate haven. Specifically, Nevada and Wyoming have been most aggressive in enticing entrepreneurs […]

Wisconsin LLC Basics

The following table sets forth a comprehensive summary of this state’s LLC laws, filing requirements, taxation and more. Keep in mind though, that the information in this table is subject to the whim of each state’s lawmakers, so the information is constantly changing. It’s a good idea to do a reality check with the Secretary […]

Virginia Lemon Law

Below is a summary of Lemon Law rules and statutes in Virginia. Keep in mind that rules and laws change. It’s always a good idea to confirm the rules your state’s consumer protection agency or with further research. What Vehicles Are Covered by the Lemon Law? Passenger cars, pickups, panel trucks, motorcycles, self-propelled motorized chassis […]

Arizona Lemon Law

Arizona Lemon Law Below is a summary of Lemon Law rules and statutes in Arizona. Keep in mind that rules and laws change. It’s always a good idea to confirm the rules your state’s consumer protection agency or with further research. What Vehicles Are Covered by the Lemon Law? Vehicles under 10,000 pounds Gross Vehicle […]

Alabama Small Claims Court

What follows is a brief but informative summary of rules, procedures, and filings requirements for small claims court in Alabama. Keep in mind that rules and laws change. It’s always a good idea to confirm the rules with the court or with further research. Maximum Jurisdictional Dollar Amount: The maximum dollar amount is $3,000. Where […]

Small Claims Court: How to Win

Small claims courts are courts of limited monetary jurisdiction that are utilized for the resolution of smaller disputes. The monetary limit in small claims courts varies by state. On the low end, Massachusetts allows awards of up to $2,000, while on the high end, Tennessee allows awards of up to $25,000 in some of its […]