It's taken guts, savvy and sheer determination, but you've done it: You've made your business a success.
You’ve weathered the market swings, outshone the competition, and kept your customers more than satisfied. Your achievements have enabled you to take care of and protect your family. So what happens if you get hit by that proverbial bus?
According to a recent national survey, 25 percent of family business shareholders who are entering their senior years haven’t completed any estate or succession planning other than writing a will. But succession planning for a business owner involves more than just deciding how your assets will be divided after you die.
Business Entity Formation
Ready For Greatness
Many factors come into play when deciding what type of entity is right for your business: the extent of protection from personal liability that you are seeking, the desired tax treatment of your business profits and take-home income, management structure, whether you anticipate adding future equity partners, capitalization, and more. We can help you explore each area and establish your business that works for you.
Types of Business Structures We’ll Help You Consider:
Limited Liability Partnership (LLP)
Limited Liability Limited Partnership (LLLP)
Limited Liability Company (LLC)