Is a Limited Liability Company (LLC) Right for You?

Marguerite C. Weese |
My Business
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There are many ways to structure your company, and an LLC may offer the features and benefits you need.An LLC is a legal entity regulated by law, and must be registered with the Department of State in which it’s established.Instead of owning stock, each member owns an interest in the LLC, much like a partnership.LLCs offer flexibility in the structure of the company’s members, potential tax advantages, and the ability to minimize the personal risk and liability of the company’s owners.

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Is Your Business Ready for Your Retirement?

Marguerite C. Weese |
My Business
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As a business owner, you need to develop a solid business succession plan that defines the role that your company will play in your retirement and estate plans.Whether you plan to pass the business on to your children or sell it outright, each option has unique considerations.Succession plans can be structured any way you like, just so long as you have one in place well before you need it.

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Business Succession Planning through a GRAT

Andrew J. Horwitz, CFP® |
My Business
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If you own a business that you wish to pass on to your heirs, a Grantor Retained Annuity Trust (GRAT) can offer tax savings and other advantages.A GRAT is a popular method of transferring property tax -efficiently, such as stock in a closely held business, to a trust in exchange for an annual payment (or annuity) for a term of years.GRATs allow a business owner to maintain control of the business, while passing along appreciation to the beneficiaries in the form of closely held stock.

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