When companies downsize, they rely on severance agreements to shield themselves from the threat of lawsuits. Among other legal components, severance contracts typically include a general release of claims, a non disparagement clause, and a covenant not to sue. By agreeing not to sue their former employer, the departing individual receives money and/or other benefits.
Forbes has dubbed New York one of the worst places to die in 2014. The reason for the moniker is the estate tax which is a tax on your right to transfer property at your death. New York, along with only thirteen other states, still levies the tax. The state estate tax is in addition to the federal estate tax.
When starting a business you will face many choices, one of which is the form of entity to be used. Choosing the best entity involves many considerations including limited liability, partnership issues, public perceptions and tax considerations. The considerations for each business are different and must be evaluated in order to reach the best decision. What might be best for a lemonade stand probably would not be best for a machine shop. The possibilities include: