Estate planning is an intricate process, especially when it involves real estate. Land trusts, the Corporate Transparency Act (CTA), and various real estate issues play significant roles in this domain. This article delves into these aspects, providing clarity for estate planners Continue reading
Category: Corporate Law
Passing the Torch: Smart Business Succession Strategies
As a business owner, your company is not just an asset but a significant part of your legacy. Ensuring that this legacy endures beyond your involvement requires a thoughtful approach to business Continue reading
Estate Planning for Franchise and Multilevel Marketing Business Owners
Franchise and multilevel marketing (MLM) businesses are often attractive because they offer people the chance to start a small business with a well-known brand and an established business model. However, they present different estate planning challenges than other types of small businesses Continue reading
5 Reasons You and Your Business Partner/ Best Friend Forever (BFF) Need an Operating Agreement
You and your BFF have an understanding. You think alike and you’ve decided to go into business together. Everything is informal because you and your BFF do not stand on ceremony. There’s no operating agreement, no bylaws, or buy/sell agreement. You’re just two guys who like to work Continue reading
Your 2018 Taxes – Get Started Now
While the end of the year is not quite here yet (but rapidly approaching), now is an opportune time to take a moment and start your year-end tax planning for 2018. This is particularly necessary this tax year because of the changes to the tax law that became effective in 2018. As Continue reading
Retirement Planning for Business Owners
For many employees, saving for retirement is usually a matter of simply participating in their employer’s 401(k) plan and perhaps opening an IRA for some extra savings.
But, when you’re the owner of a business, planning for retirement requires proactivity and strategy. It’s not just Continue reading
How You Can Build an Estate Plan that Includes Asset Protection
Much of estate planning has to do with the way a person’s assets will be distributed upon their death. But that’s only the tip of the iceberg. From smart incapacity planning to diligent probate avoidance, there is a lot that goes into crafting a comprehensive estate plan. One important Continue reading
3 Asset Protection Tips You Can Use Now
A common misconception is that only wealthy families and people in high risk professions need to put together an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a monetary judgment that Continue reading