If a property owner in Alabama fails to pay their Ad Valorem taxes, the past-due amount will become a lien on the property. The taxing authority can eventually sell the lien in the form of a tax certificate. The purchaser of that certificate has the right to possess the property, which may involve a process […]
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Getting into a co-ownership agreement with your spouse, business partner, or friend might seem like a good idea, as it can reduce your mortgage burden and maintenance costs significantly. But what happens if you want to sell the property and the co-owner disagrees with you? Or if the co-owner wants to rent out the property […]
If you are planning to start your own business in Alabama, you might be wondering what kind of ownership structure might be right for your business. Choosing the right entity is extremely important, as it can impact several aspects of your business including how you are taxed, whether you can have partners, and whether or […]
If you’re getting ready to invest in the residential real estate market, you may be thinking about a condo instead of a single-family home. Buying a condo can have many advantages. For example, condos are usually less expensive than single-family homes, often have many amenities included, cut down on the amount of time and money […]
Alabama continues to strengthen the protection afforded to small businesses through various laws and amendments. You can improve your profit-making abilities by having a better understanding of the laws impacting businesses. Although you may be an expert in your industry, identifying and interpreting the laws that apply to your business requires in-depth professional knowledge. An […]
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