Information accurate at the time first published. Laws subject to change.
A distribution from a limited liability company (LLC) is a payment of cash or property made by an LLC to the LLC’s owners, also known as its members. Although state law sets forth certain default rules, LLC members can specify in the LLC’s operating agreement when and...
When making an estate plan, there are many different documents to consider. It goes far beyond just writing a will to pass your assets on to your children. A comprehensive plan is important so that things go smoothly for your family, even before your death should you...
Successful entrepreneurs need more than luck—or a good idea—to succeed in business; they also need a plan. Part of that plan involves choosing a business structure. When you are first starting a business, operating it as a sole proprietorship may make a lot of sense....
Overview What is a trust? How does a living trust work? Who are the people involved with a living trust? What do I need to know now? What responsibilities will I have as a trustee? Do I have to do all of this myself? How will I know if the grantor is incapacitated?...
You may have witnessed or heard of children wasting their inheritance on a fast car or making unwise decisions after inheriting the family business. So, how can you protect your kids from such a fate? By actively preparing them for their inheritance. Here is how you...