At Generations Law Group, we draw up contracts for our clients all the time. From wills and trusts to buy-sell agreements, contracts are the backbone of business interactions, as well as many personal legal matters. However, we have noticed that delving into contractual language can sometimes feel like navigating a maze of confusion, especially when legal jargon is involved. Our experienced team of Idaho business lawyers believes in demystifying the legal world for our clients, ensuring that every contract they enter is solid, legally sound, and tailored to their unique needs.  Fundamenta ..read more

A breach of contract is a complex legal issue that can affect businesses and individuals in Idaho. Whether you’re a small business owner or engaged in a personal agreement, it is essential to understand how this legal matter gets handled. Generations Law Group in Idaho offers guidance and support to businesses facing a breach of contract. In this blog, we’re going to discuss how breach of contract is handled in Idaho and why you should partner with an attorney if your business is facing this issue. Understanding Breach of Contract in Idaho A breach of contract occurs when one party involved in ..read more

Dissolving a business in Idaho is a serious and complex process that requires careful planning and execution. Generations Law Group is here to guide you through each step of the process. Our team has decades of experience in Idaho business law and understands the local laws and regulations, making us the perfect choice to support you in this endeavor. Let’s take a look at how to dissolve a business and what you’ll need to know beforehand. How to Dissolve a Business in Idaho Business dissolution is the legal process of formally closing a company. It involves more than just ceasing oper ..read more

When someone wants to own their own business, some decide build a company from scratch.  But that’s not the only option. Purchasing a company already in business may be a good alternative.  Generations Law Group helps clients throughout Idaho with all their business needs, and we have decades of experience doing it. If you are interested in acquiring a business instead of starting one, here are things you should consider. 1. Think about the difference between an independent business and a franchise Each type of business opportunity presents a unique set of circumstances. Wit ..read more

Discussing estate planning and end-of-life wishes with your family is an essential step to ensuring your assets and estate are executed how you want them to be, but it can be even more important when you’ve built a business that will outlive you. When it comes to discussing business transitions with your family, it’s incredibly important to find the right approach to take so that the transition can be as smooth as possible. With the right communication and advance planning, the business your family has built can continue to thrive for generations. The key to this, however, is the right plan ..read more

Trusts are perfect for protecting assets and ensuring they are used in a manner consistent with your wishes, even beyond the scope of your lifetime. This is one of the many reasons that you may find it prudent to put your business interests into an Idaho trust. At Generations Law Group, Boise-based business attorney Tom Walker has years of experience with Idaho trusts and can help guide you through the process of protecting your business assets with a carefully-crafted trust. Benefits of a Trust for your Idaho Business A trust is a legal arrangement that puts one person or group of pe ..read more

Today’s business landscape is incredibly competitive, and sometimes buying an existing business can be an excellent investment opportunity – especially when it’s in a thriving state like Idaho.  That being said, it’s also crucial to understand the potential legal complications, perform sufficient due diligence, and identify potential pitfalls. We’re going to look at some of the important things to consider before buying a business that someone else built.  If you’re looking at possibly buying an existing Idaho business, partnering with our experienced business attorneys at Generation ..read more

As a business owner, one of the most important decisions you’ll face is when to sell your business. It’s a decision that can have a significant impact on your financial future, your employees, your customers, and your community. Deciding when to sell your business is not a simple task, and there are several factors to consider. So why make that decision alone? Our Boise-based team at Generations Law Group can help you decide when – or if – to sell your Idaho business.  Here are some things to think about when you’re making your decision. Timing When it comes to selling a business, timin ..read more

Buying an existing business is a great way to become a business owner without starting from scratch. By purchasing an existing business, you inherit an established customer base, brand recognition, and a proven business model. However, the process of buying an existing business can be complicated, and it’s essential to do your due diligence to ensure that you’re making a wise investment. Our team at Generations Law Group has decades of experience in Idaho business law and can help you make the right decisions.  Here are some things to consider. How to Buy an Existing Idaho Business The pr ..read more

Finding and using a business attorney can be difficult.  You may not have a working knowledge of Idaho business law, so it can be hard to utilize your business attorney to their fullest extent. Thankfully, our Boise-based team of experienced business attorneys at Generations Law Group has come up with these ten key ingredients for using and finding a business attorney the right way. Read on to learn these great tips. 1. Understand The Strong And Weak Points Of Your Attorney Every attorney has their strong points; while some may specialize in Idaho business law, other team members may furt ..read more