Operating your business as a limited liability entity generally protects your personal assets from claims of business creditors, but the informal operation of small to mid-sized and family-owned businesses can sometimes weaken that protection when things go bad,...
To many people estate planning is merely preparing a will to tell your executor what to do with what you own when you die. But, estate planning is more than just drafting a will. It includes tax efficiencies, wealth preservation, asset protection, efficient asset...
The media’s focus on spending in the proposed Build Back Better and related bills pending before Congress overlooks many of the revenue aspects that could affect the estate plans of the wealthy and the tax strategies of business owners and the highest income earners....
When confronted with overwhelming financial difficulties, owners often consider whether it is better to reorganize or liquidate their business. In making that decision, owners have many factors to consider, including: Nature of the Economy. Is there a place for your...
Increasingly rapid changes in our economic life emphasizes the need to work with your lawyer and other professionals to create financial plans that protect your assets, maximize their potential and provide for efficient transfers. This is no longer merely drafting a...
If you own or operate a business, one constant concern is insulating your personal and family assets from claims and liabilities that may arise from your business. While it is not always possible to create a complete barrier to keep business creditors from seizing...
Whether it’s a franchise, self-standing business or part of an existing business, your legal diligence, along with financial, marketing and other analysis, before your purchase could make or break your business investment. Some of the important legal considerations...
The American Taxpayer Relief Act of 2012 enacted on December 31, 2012 was publicized as reducing income tax rates for all but the most wealthy Americans, but surprisingly the main provisions of the federal estate tax survived intact. As of January 1, 2013, the federal...