When business owners have partners and consider their succession planning, the topic of a buy-sell agreement comes up. This post discusses the possible use of an “insurance-only LLC” as part of a buy-sell.
A buy-sell agreement sets the terms of a buyout of one partner by another partner or partners if one partner leaves the…
Closely-held businesses come in all shapes and sizes. Some owners own 100% of their businesses. Some have partners. Some have children in the business. Some do not. A common question that a client asks the business and tax planning professional is, “Should I own my business in a trust?” There are, of course, many nuances…
The global coronavirus pandemic is of course a challenging time. Many businesses have been hard hit and may not recover. Unemployment has skyrocketed. On the other hand, there are many businesses that have been only mildly affected to date.
The conventional wisdom is that the economic pain will continue for some time. Accordingly, it is…
