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Corporate Transparency Act Update
June 12th, 2024
Under the Corporate Transparency Act (CTA), which took effect January 1, 2024, many business entities including small limited liability companies (LLCs) and partnerships are required to file reports with the Treasury Department’s Financial Crime En…
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Passing the Torch: Smart Business Succession Strategies
May 22nd, 2024
For many business owners, their business is one of the most valuable and important things they own. When it is time to sit down and create an estate plan, it is critical that business owners plan for their business just as they would plan for their h…
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Will the Corporate Transparency Act Apply to You?
November 29th, 2023
Starting on January 1, 2024, under a new law called the Corporate Transparency Act (CTA), owners of certain business entities must file a report with the federal government including details regarding the ownership of their entity. The CTA was enacte…
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Five Things to Know Before Including a Limited Liability Company (LLC) in Your Estate Plan
August 30th, 2023
When it comes to protecting your hard-earned money and property, it is important that you have the right plan, which can include a number of tools for your unique situation. One tool that might benefit you is a limited liability company (LLC) that ow…
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The Sole Proprietorship: Pros and Cons
August 23rd, 2023
Transitioning from being an employee to being self-employed is a goal of many American workers, and a growing number of workers realized their goal in the wake of pandemic-related economic disruptions. Individuals often cite taking control of their c…
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Three Important Concerns Self-Employed Individuals Should Address
August 16th, 2023
Being self-employed is no easy task. You are the owner, and in some cases, the only employee. While you may have more freedom than the average worker, a lot of responsibilities lie on your shoulders. Working together, we can craft a comprehensive est…
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Have an Etsy Store? Make Sure It Is Properly Protected
June 28th, 2023
The online marketplace Etsy has gone from a niche craft seller to one of the largest commerce companies in the world. Etsy has millions of active sellers worldwide, most of whom are based in the United States. Many Etsy store sellers rely on the site…
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Estate Planning Issues for the Modern Family
March 8th, 2023
As the name suggests, ABC’s TV show Modern Family depicts the relationships and experiences between a fictional extended family. Throughout the course of the series, the show addresses many issues that families deal with each day. For a close-knit…
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Business Succession: Does Your Estate Plan Include Your Business?
January 30th, 2018
Only about ten percent of business owners have a business succession plan. Another thirty percent have only an informal plan. Thus, when it comes to estate planning, too often, owners of small businesses fail to plan for what happens to the business…
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