Client Alert

Does your family business have an asset protection plan?

The vast majority of family businesses don’t have any kind of asset protection plan in place. This is unfortunate because without an asset protection plan set up, families, their life savings and the businesses that support them, are at risk of being destroyed in the event of a lawsuit. Whether the lawsuit is frivolous or not doesn’t seem to matter. Even a successful defense against a lawsuit could be costly […]

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Client Alert

Should I buy liability insurance as a part of my estate plan?

Imagine you’ve spent your entire life and career saving up for your future and your family’s future. Because of your hard work, sound investment choices and dedication to saving, you’ve amassed a considerable amount of wealth that you hope to pass on to your family through your estate plan one day. It’s important to realize, however, that all of your hard work and sacrifice could be wiped away in a […]

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Client Alert

What should your exit strategy be?

Part of being successful in business is knowing when to get out of the business. As such, having a solid exit strategy should be as much a priority for business owners as next year’s business plan. An exit strategy should include plans for how to minimize taxes when you actually sell the business. However, your tax minimization strategy may be different depending on who you sell the business to. Essentially, […]

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