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.
Your Business Needs an Estate Plan, Too
A business plan includes a review of your book of business, a description of the vision, company financials, and key objectives. Planning must be done for growth between the planning and the eventual passing of the owner.
How to determine the right business partner
You are ready to launch your own business. After some serious thought, research and relationship building, you decide to take a calculated plunge into forming, guiding and growing your company. Entrepreneurs typically are comfortable with higher levels of risk because...
Stepping Up Now in Case Step-Up is Repealed
The incoming administration has revealed a plan to repeal the step-up in bases at death. Learn about adjusting estate planning strategies to fit a potential no-step-up reality..
Seamless Transitions of Value and Control are Hardly Simple
Seamless transition of the ownership of a business or practice takes years of planning. Successors must be groomed and developed, and our role as advisors is to serve as good leaders in the inter-generational communication process.
COVID-19 Reminds Us to Plan for Business Continuity
COVID-19 has put on spotlight on business continuity planning, particularly for small family-owned businesses. Planning must include not only succession planning, but preparing for business disruption and maximizing the use of government support.
Succession Plan Key to Business Estate Planning Success
Estate planning for business owners avoids costly disputes and pain later on. Goals may include keeping the business within the family or selling the business as part of a retirement plan.
Set up your partnership successfully
Some business owners choose to work with a partner to ease the stress and financial burden of starting a business. While many partnerships are beneficial, some can be detrimental to the business if the partners do not plan appropriately. The most successful...
Why should you have a business succession plan now?
Regardless of when business owners in Indiana like you plan on retiring, it can be crucial to have a business plan ready to go. You may be wondering why it's important to get this looked into so early on and we are here to discuss that today. FindLaw discusses some of...
Selecting an entity for your business
The legal structure of your business shapes your professional journey. While you can change your entity in the future, it is best to get it right the first time to avoid legal and financial complications. There are various structures, and each comes with its benefits...
