A stock redemption agreement is a legal contract used in private companies where the company itself buys back a departing shareholder’s shares. It is a specific type of buy-sell agreement designed to manage ownership transitions, reduce disputes, and ensure business…
A business owner may relocate a business to another state for a variety of reasons, including increased real estate costs, property taxes, business taxes, or business regulations in the old location; changes in the target market; or even personal or…
No one enjoys thinking about their own funeral, but making those funeral planning arrangements in advance yourself may be one of the most thoughtful acts you can do for your loved ones. More and more people are including funeral planning…
Bankruptcy may be one of the last things on your mind when you are creating an estate plan. Fortunately, the number of bankruptcy filings has declined as the economy has improved, but there were still a whopping 433,658 bankruptcy filings…
Although it’s the season of giving, no one wants to share with the IRS. Luckily, the law provides you many opportunities to give gifts to family, friends, and charities tax-free. Some are straightforward, while others may require the help of…
For many people, their IRA is their largest asset other than their home. Thanks to tax-free compounding, an IRA tends to grow more rapidly over time than any other asset. The Long-Term Value of a Properly Planned IRA If you…
As a business owner, you may be considering starting an internship program for your company. Internships can be beneficial to both you as a business owner and the intern. Interns can receive hands-on training in their field of interest while…
Estate plans can be as unique as the individuals and families they protect. Do not assume you need the same type of will or trust option that your parents or friends chose. Instead, work with your estate planning attorney to explore all…
The decision to close a business is not to be taken lightly. Although most business owners hope that the process of closing their business will be quick and easy, that is often not the case. Business closures involve complex procedures…
One misconception people have about life insurance is that naming beneficiaries is all you have to do to ensure the benefits of life insurance will be available for a surviving spouse, children, or other intended beneficiary. Life insurance is an…