People who want to start a business have to consider several points before they open the doors. One of these is the type of business structure they’ll use. Two that are common are the sole proprietorship (SP) and the limited liability company (LLC). Both of these...
Passing down your values and assets to future generations requires careful planning and consideration. It is not just about writing a will but crafting a legacy that benefits your loved ones for years to come. Here are two examples of multi-generational plans: Dynasty...
When it comes to operating family-owned businesses, planning for succession can help to ensure continuity, growth and stability. In Minnesota, where family businesses contribute significantly to the local economy, a major concern may be how soon grandchildren can take...
Divorce and separation bring a wave of emotional challenges, especially when children are involved. One of the most contentious elements of post-separation life often centers on child support. While child support laws are designed to ensure the child’s financial needs...
If you’re getting divorced, it can have an impact on your plans for future retirement. This is especially an issue if you are 50 years old or older, which is known as a gray divorce. You are getting closer to retirement age, so you need to pay close attention to your...