A “power of attorney” is a legal instrument, which grants another person the authority to act as your legal representative, and to make binding legal and financial decisions on your behalf.
Types of Powers of Attorney
There are two types of powers of attorney. A “general” power of attorney is unlimited in scope and duration, and permits the named individual to act as your legal representative in relation to financial matters until such time as it is revoked.
A “specific” power of attorney imposes limits upon the named representative, and may restrict the …

When a person invents something, there is a risk that others will copy their invention.  To support and promote inventors work and prevent the inventors ideas from being stolen the government established patent laws that protected inventors’ rights. To register for a patent you must go through vigorous steps to prove that the product is worthy of being patented.
What Is A Patent?
A patent is a legal document that protects an invention from being used, copied, or manufactured by anyone other than the inventor.  The invention cannot be used without the …

What are Living Wills?
A living will is a legal document expressing the wishes of that person on how they wish to live their end of life if they are not able to make decisions or communicate at the time, due to illness, injury or old age. Through medical advances life can be sustained artificially, prolonging life over and above what would have naturally occurred. They are sometimes called advance directive, health care directive or physician’s directive depending on the content of the living will.
What’s the point of have a Living …

What are the Advantages of LLP?
Limiited Libility Partnership is not considered to be a separate entity for the purposes of income tax — any profits and losses of an LLP are passed through to the partners this avoids double taxation.
A partner in a Limited Liability Partnership is only personally liable for his or her own negligence or that of an employee working under the partner’s direct supervision.
A partner isn’t personally liable for the negligence of anyone else in the firm. However, the partner can not negate liability for a large …

When we think about an incorporated company we normally think about the advantage of incorporating our business to have the protection of not being personally liable for the business’s debts and liabilities. This means that the creditors are only able to look at the company’s assets to recover the money owed by the company. If there are insufficient assets in the company to satisfy the amount the creditors are owed then unfortunately it is there loss. As they are unable to get anything further from the personal possessions of the …