Author Archives: Jason Simmons

Business Succession Planning-A Goal-Driven Process

Helping small business owners with their estate planning always brings with it a discussion about what will happen with the business when the owners wish to retire. In many circumstances, the business will constitute the owner’s major asset – constituting not only their primary source of income – but also the asset with the largest read more…

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Do You Really Have Limited Liability?

As a business attorney, when I meet with new clients who want to form a new business, either a corporation, limited liability company (also known as LLC’s) or other entity, one of the primary motivations in doing so is to protect their personal assets from the risks of the business. It is during this part read more…

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What is the Purpose of My Company

  While it is certainly easy to set up a corporation or a limited liability company (also known simply as an LLC) in the 21st century, there are still good reasons to consult an attorney when doing so. Failing to consult a business planning attorney might lead the business owner to incur personal liabilities that read more…

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Changes to Missouri Statutes Affecting Security Deposits

During the 2016 legislative session, the Missouri General Assembly adopted House Bill 1862, which was signed into law by Governor Jay Nixon on July 14, 2016. The new bill went into effect on August 28, 2016. What is the significance of this new law and why am I writing a blog post about it? Because read more…

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“My Banker Says I Need an ‘Operating Agreement.’ What is that?”

Oftentimes, new business clients will contact the office saying that they were referred by their banker who tells them that they need an operating agreement. Inevitably, one of the first questions that they have is “what is an operating agreement?” An operating agreement is, quite simply, an oral or written contract among the members of read more…

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Your Initial Estate Planning Consultation: How to Make the Most of It

So, you have been telling yourself that you need to get your estate planning documents in place, or possibly just have a few updates. You have taken the first step in making contact with Cripps & Simmons, and now have an appointment on your calendar. During your call to schedule the appointment, our Receptionist collects read more…

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Buying and Selling Real Estate

Several times a year, potential clients call the office asking for help in either buying or selling real estate. Oftentimes, real estate transactions are viewed as extremely complex and difficult transactions. In reality, they are generally simple. Most of the time, there are several parties involved which can cause it to appear more complex. Real read more…

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I want to set up an S Corporation. Can you help?

Many potential clients looking to set up a new business call the office with this question. While this is certainly a good starting point, it generally tells me that we need to have a much broader conversation about what types of legal business entities Missouri recognizes. The bottom line is that the statement commingles and read more…

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What to Expect at Your First Estate Planning Conference

So you have decided that you need to have estate planning documents prepared and have taken the first step to contact our office. The initial conference is when we will learn about you, your assets and what your goals are for your estate planning, and you will have an opportunity to get to know us. read more…

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So You Think You Want A Drone?

It appears that Spring is finally here…the grass is green and has been mowed a few times.  Jackets, for the most part, have found their new homes back in the closet.  The days are getting long enough that by the time you get home, make supper and get the dishes done, there is still daylight read more…

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