I have a will. Will my family avoid the cost and stress of having to go through probate when I pass? Most likely not. A will is actually used when assets have to be probated at your passing. So, a will does not allow your family to bypass the cost and hassle of probate. I […]
Frequently Asked Questions about Wills and Trusts Read More »
Across the country, it’s estimated that 80-90% of businesses include family. If your business is in this category, does that affect how you think about your company? In other words, do you ever think about your business to what extent your family and business work together or the challenges that exist between the two? As
If you’re a business owner, you should be proud of it. You’re serving the needs of your customers. You’re providing jobs to your employees and may even consider them “part of your family.” You may also be “giving back” to your community in a number of ways. Your company contributes in so many ways to
Is It Time to Start Planning to Transition Your Business? Read More »
LLCs are the most popular legal structure for businesses. They’re flexible, provide significant legal protection to the LLC members, and have less maintenance requirements than corporations. A separate, but related issue is how an LLC should be taxed. A growing number of LLCs are electing to be taxed as an S corporation. The main benefit
Protect Your Business When Electing to Save Employment Taxes Read More »
Estate planning is important for a number of different reasons. Making your intentions clear, avoiding a costly administration process, and keeping the process as simple and least burdensome to your loved ones are the most common I hear from my clients. What clients and advisers sometimes forget in this process are the impact of taxes
Remember Income Taxes When Doing Your Estate Plan Read More »
People are vital to all businesses and many businesses simply wouldn’t exist without certain key people. When a business owner sells a company, having these key employees continue in their roles can be critical for the buyer and justifying what they’ve paid. Alternatively, if these key employees leave, the value of the business deteriorates and
Don’t Forget This Key Issue When Selling or Buying a Business Read More »
A national survey found that 51% of employees were not engaged in their job last year. Even worse, 17.5% were actively disengaged. These were the highest levels measured since 2000. This issue of engaging employees combined with a 3.2% unemployment rate in the local economy creates significant challenges for companies. Business owners know that attracting,
Create Meaning for Your Employees Read More »
Business owners are faced with putting out fires each and every day. Since their time and resources are limited, they have to prioritize which ones are worth dealing with right then and there and which ones they should develop a plan or structure to put them out in the future. Legal “fires” for business owners
What Fires Should a Business Owner Put Out Today or Plan to Extinguish in the Future Read More »
This area is blessed to have so many generous business owners and individuals who support local charities and faith organizations. I’m most commonly advising clients on how to leave a certain amount of money or a percentage of their estate to these organizations upon their passing (as opposed to during their life). However, with the
One Way To Have An Impact Read More »
Do you know what the future will be for the people you will leave your estate to? I don’t intend that to be a rhetorical question, but we can all agree we don’t know the future for our loved ones. They could continue to live fulfilling lives. Or, they could experience (through no fault of
Why Risk Leaving An Inheritance To A Loved One’s Creditor Or Ex-Spouse? Read More »
Fill in the form below to reserve your spot today for each person attending. If you have any questions, please call the office at 616.392.1821.
Fill in the form below to reserve your spot today for each person attending. If you have any questions, please call the office at 616.392.1821.
Fill in the form below to reserve your spot today for each person attending. If you have any questions, please call the office at 616.392.1821.
