» Business Succession

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Corporate Transparency Act Update

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… Read More
Tough Decisions Ahead Road Sign

Passing the Torch: Smart Business Succession Strategies

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… Read More
LLC on blocks of wood demonstrating Corporate Transparency Act

Will the Corporate Transparency Act Apply to You?

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… Read More
Limited Liability Company (LLC) Business Concept, Person hand holding wooden block with limited liability company icon on virtual screen.

Five Things to Know Before Including a Limited Liability Company (LLC) in Your Estate Plan

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… Read More
Hands holding book with title Sole proprietorship.

The Sole Proprietorship: Pros and Cons

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… Read More
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Three Important Concerns Self-Employed Individuals Should Address

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… Read More
Smartphone with Etsy store logo on the screen, shopping cart and laptop.

Have an Etsy Store? Make Sure It Is Properly Protected

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… Read More
Family Tree For Several Generations

Estate Planning Issues for the Modern Family

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… Read More
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Business Succession: Does Your Estate Plan Include Your Business?

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… Read More