by Christine | Sep 4, 2012 | Estate Planning, Family Business, Small Business, Succession Planning |
There are a number of reasons you might want to put your name on your business. But before you launch your eponymous company, project yourself into the future—the very reason you’ve chosen to name your company after yourself may be the reason you...
by Christine | Aug 8, 2012 | Estate Planning, Small Business, Taxes |
Last week a colleague and I were discussing a C Corporation with nearly three-quarters of a million dollars in retained earnings, with owners who want to get the money out. The owners wondered about any “fancy tax ideas.” My colleague immediately stated, “Yeah;...
by Christine | Jul 5, 2012 | Estate Planning, Small Business, Succession Planning |
Succession plans are not one size fits all. Entrepreneurship is always about personal freedom and personal choices, and every entrepreneur has a different mix of goals, values, skills and circumstances. The succession plan might in fact be the grand finale of these...
by Christine | May 29, 2012 | C Corporation, Entity Structure, Estate Planning, Inheritance, S Corporation, Small Business |
But if you have a corporation—one you formed or inherited—should it be S or C? What does this alphabet soup even mean? A business is what you make of it, and that’s not just a marketing tactic or a business school platitude. When it comes to structuring your business,...
by Christine | May 18, 2012 | Estate Planning, Gift, Small Business |
The Tax Court has just passed a new technique that closely-held business owners —and wealthy families — can use to pass assets to heirs with a minimal amount of taxes and complications. The ruling in the case, Wandry v. Commissioner, is stirring up excitement among...
by Christine | May 11, 2012 | Estate Planning, Small Business, Succession Planning |
The wealth of many boomers is tied up in businesses they own. And that can be a problem when it comes time to retire. If you’re a small business owner, then you probably speak of your business and your life in the same breath. There’s nothing wrong with that. In fact,...
