Running an LLC may have been a profitable endeavor for you, but now you are considering the dissolution of your company in favor of new business opportunities. However, you also know your business still owes money to other companies, which may complicate your plans....
Month: February 2023
Using SLATs to reduce the size of your estate and avoid taxation
Currently, if your estate is worth more than $12.92 million (for a single individual) and you pass away, your estate will be subject to the federal estate tax. Most people do not want to see the wealth they worked so hard to accrue during their lifetime be depleted...
Increase your peace of mind by creating powers of attorney
No one expects to become the victim of a car crash or suffer through a serious disease, but it is wise to prepare for potentially life-changing issues. Medical and financial powers of attorney (POAs)are excellent estate planning tools that can increase peace of mind...
Important clauses in many business contracts
Business owners know the importance of a contract. A well-drafted contract clearly defines the parties’ obligations and protects the interests of the business. While each contract requires individualized consideration, there are a number of important clauses that...