Ensuring a Plan Will Accomplish What It’s Meant to
May 23, 2019Steps to Take in Ensuring A Plan Your estate plan is much more likely to be successful when you recognize and avoid the most common mistakes and take some key actions that often are overlooked. Most estate planners will tell you that the same estate planning mistakes and oversights recur with frequency, whether an estate… Read more »
Offering Benefits
May 23, 2019I have a small company. we want to start offering benefits. What are my options? Any benefit provided will enhance employee retention. There are companies across the United States that specialize in benefits planning for small businesses. In addition to the usual insurance plans for life, health, dental, vision, and disability, there are a wide… Read more »
I Have a Will or a Trust. Isn’t That Enough?
May 23, 2019First of all, consider that a will takes effect only upon your death. It has no bearing on how you and your business are cared for during your life when you can’t take care of yourself. So do you need a will or a trust or both? Concerns that factor into the Will or a… Read more »
Asset Protection Trusts
May 23, 2019What Are Asset Protection Trusts? Generally, Asset Protection Trusts (APT) are irrevocable trusts that are established by the business owner for his own benefit to the benefit their spouse and family. The trust is a discretionary trust. That is a trust where no one can compel the trustee to make distributions. It has what is… Read more »
The Importance of Succession Planning
May 17, 2019Why is Succession Planning Important in the Running of a Family Business Family businesses and other companies can live forever, not so the management. A crucial part of long-term growth for a business is succession planning. Companies pour considerable resources into marketing, research and development and more, but fail to plan for the succession… Read more »
Successfully Transferring a Small Business
May 16, 2019Learn the Steps to Transferring a Small Business The time has come to sell, leave, or change ownership of your Limited Liability Company (LLC). Fortunately, transferring control of your business to someone else is relatively straightforward. We’ll guide you through the necessary steps to leave your LLC in safe hands. How do you handle transferring… Read more »
Will My Business’ Equity Affect My Personal Taxes?
May 11, 2019Understanding Business’ Equity Vs. Personal Taxes If you are a business owner, it can be difficult at times to separate your personal and business financial matters. What is business equity anyway? In the world of business and finance, equity refers to the value of ownership in something. Equity can be used to measure the value… Read more »
Venture Capital Disputes: What to Expect in Your Case
May 10, 2019Venture Capital Disputes Cause Concern Were you recently involved in the launch of a product or business? Were you the one who supplied the majority of the funds? If you feel that you have not received your full share of the promised profits, you can take action. But what can you expect in your case?… Read more »
Why You Need Representation in Tax Court
May 10, 2019A Brief Explanation of Why You Should Have Representation in Tax Court Do you have a dispute with the IRS that’s headed to tax court? Don’t try to take on the IRS on your own. You need to work with tax lawyers in Chicago like Anthony J. Madonia & Associates. If your tax dispute is… Read more »
Investment Strategies-Are they Dependent on Age?
April 15, 2019Do Investment Strategies Depend on my Age? Age is definitely one factor that is considered in a risk analysis when discussing investment strategy. Some have used a rule of thumb called the “rule of 100.” That involves subtracting your current age from 100. If you are 70 years old, for example, the resulting number is… Read more »