Author Archives: Tyler

Recovering Debts in Utah – Business Debt Collection

Why be concerned with recovering business debts? Almost every company has to grapple with the challenge of managing accounts receivable. It’s a never-ending struggle and takes a lot of work to get right. And getting it right pays off. Companies … Continue reading

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Posted in Business Law, Debt Collection | Tagged , , , | Leave a comment  

Intellectual Property for Startups (Part 3 in a Series)

What is Intellectual Property and What Can An Intellectual Property Lawyer Do For Me? One of the most valuable assets any innovative business can have is intellectual property. Intellectual properties are creations granted certain protections under property law to encourage … Continue reading

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Posted in Copyrights, Intellectual Property, Patents, Trade Secrets, Trademarks | Leave a comment  

Forming Your Business Entity: Which, Where, How (Part 2 in a Series)

One of the preliminary steps for starting a business is choosing the proper business entity. Forming a business entity is always a best practice as operating as a sole proprietorship or traditional partnership leaves you open to personal liability in … Continue reading

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Posted in Business Law, Entity Formation, Limited Liability Company, Nevada Corporations, Startup Law | 1 Comment  

Starting a Company from Scratch (Part 1 in a Series)

I frequently run into people that are looking to start a business. They have done the legwork on their business plan and are ready to go. With so much at stake, here’s a few questions I recommend they ask before … Continue reading

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Impermeable Permanent Life

Whole life insurance has a number of important benefits that are often touted by insurance agents. And while permanent life insurance may not be for everyone, Utah law does provide one powerful incentive to purchase it: the “proceeds and avails” … Continue reading

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Posted in Asset Protection | Leave a comment  

Settling Your Credit Card Debts

Credit cards are very common in our modern society. While credit card companies have finally began to stop offering $50,000 lines to college students, they continue to bombard all of us with offers of “0% financing for a year” or … Continue reading

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Posted in Bankruptcy/Debt Consolidation | Leave a comment  

Legalease “Term of Art”: Automatic Stay

At the start of a bankruptcy action, the court will institute an “automatic stay.” This immediately brings a halt to any debt collection activities by creditors. It allows the debtor to get some breathing room and relief from the non-stop collection calls and threats of foreclosure. If creditors continue to make attempts to collect debts after the stay … Continue reading

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Charging Orders in LLCs

If a creditor wants to collect on a debt, there must be some sort of asset on which to attach a lien. Real estate, bank accounts, and other assets are commonly used for this purpose. However, if the judgment debtor has … Continue reading

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Posted in Asset Protection, Business Law | Leave a comment  

Choosing the Right Business Form

Starting your own business, especially for the first time, can be very stressful. One of the first decisions that must be made in any business is what type of organization should be chosen. The best type for each individual depends on the goals of … Continue reading

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Right of Setoff

If you have a deposit account and a loan at the same bank, be very careful to not fall behind on your payments. By falling behind, the bank will likely be able to exercise what’s called a “right of setoff” … Continue reading

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