Prospective business owners often ask, “which is better – a corporation or an LLC?” Of course, the answer is that it depends on your circumstances and the business you plan on running. In some cases an LLC is best, while in others an S-Corp is favorable, and in...
The planning for the transfer or liquidation of your business at retirement or death is just as important as the planning you did when you started your business. Here are some tips from an experienced business attorney on how you can use estate planning...
Most business owners build their businesses with an exit strategy in mind: either cashing it out or passing it on. Whatever your thoughts are for what happens to your business when you retire or die, it is unlikely to happen without a comprehensive plan...
The biggest advantage to incorporating your business, no matter what its size is today, is to protect your personal assets from business liabilities. If your business is not currently operating under the protection of a limited liability company (LLC) or...
If you have built a successful business and plan to leave it to your heirs or business partners, doing so is not a process that just happens naturally after you retire or die. If you don’t have a buy-sell agreement, a business succession plan, a business...
