When deciding how to split your assets among your children, there are many factors to consider. “Fair” doesn’t always mean equal….
In Estate Planning, Equality and Fairness Might Be Two Different Things
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Business Law
Will Business Partners Be Ready to Sell at the Same Time?
Even for small businesses, there are aspects of law that must be considered during the framing of the business. What if one partner wants to sell out, but the other does not?
Pine Box Estate Planning – It’s Not Just About You
Even business owners who are in good health and who intend to run their businesses up until they die – need contingency planning in consideration of their family members, employees, and customers.
Sole proprietorship, partnerships and LLCs
Perhaps you’ve been dreaming for years about starting your own business in Indiana and finally feel ready to take some tangible steps toward your goal. The startup phase of a business can be both exciting yet challenging. There are many issues you must resolve before...
The Three P’s and the Three Elements
Estate should be handled very much like LLCs, with two classes of owners. Three elements of any assets include control, equity, and cash flow, and not all need to be vested in the same individual.
Separate but Equal – or Unequal – Business Succession Planning
Successful transfer of business interests requires very careful planning. Simply leaving a business in equal shares to all children can be a recipe for disaster. Estate planning is for everyone, but particularly for business owners!
Is your business succession plan ready?
Perhaps you “learned the ropes” of your family business alongside your parents or grandparents in your youth. For decades now, you’ve been at the helm, and you’ve been thinking a lot about the future. You’re getting older, and you naturally want to make sure you have...
Updated Property Inventory Minimizes Many Business Risks
The complexity of maintaining a business inventory system often results in the inability to receive insurance proceeds or, in the case of the death of the owner, a proper estate inventory..
Starting a Business in Indiana and Planning it Right
Business planning and estate planning are inevitably intertwined. In addition to selecting the correct business entity, there are many other important decisions to be made upfront.
Do You Know the Value of Your Business Interests?
One way or another, the value of your business is going to directly affect the amount of tax you – or your heirs – will owe. Having a handle on your business value will prove invaluable.
