As the name implies, a Promissory Note is a written promise to pay someone to whom you owe money. It may also be referred to as an IOU or a loan agreement. Although it may seem like an informal document — particularly if you sign a promissory note when borrowing money from a friend or family member — promissory notes are legally enforceable.
A letter of intent (LOI) is a formal letter, spelling out your offer to a seller. It is a way to get the ball rolling to show your interest in purchasing or selling a particular piece of property (residential or commercial).
1099-NEC is used to report taxable income for individuals that are not directly employed by the business entity or individual making the payment. For example: contractors.
A pay stub is a detailed record of employee’s current pay. It includes itemized list of all current earnings including hourly wages, salary, overtime or sick leave pay as well as all current and year-to-date deductions such as Federal and State income taxes withheld.
An Independent Contractor Agreement is an agreement that spells out the terms and conditions of hiring an Independent Contractor. It is essentially the same thing as a subcontractor agreement, freelancer agreement, service agreement; they all do the same thing.
A partnership is an agreement between two or more parties to establish and operate a business, including each partner’s share in responsibilities, profits, or losses of the partnership. A Partnership Agreement can also help define how partnership decisions are to be made.
Child Medical Consent form can be utilized by parents or a child’s legal guardian to assign and authorize another person to make medical decisions for their child.
A non-compete is a valuable tool for employers that acts as a contract where an employee makes a promise not to enter into competition with the employer over a specified period of time after the employment period.
A cease and desist letter is sent to an individual or entity to have them immediately cease a continued action. This is common with a breach of contract action, like an employment agreement. It is sent when the other party has breached the covenants of a valid agreement.
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