Business Interests Held in Trust

Donald P. DiCarlo and Jeffrey C. Wolken |
My Business

When holding business interests in a trust, it’s important to understand the different structural models for fiduciary decision making.When a business interest is the primary asset in a trust, it can create challenges for both the Trustee and business owner.The trustee’s general fiduciary duty to diversify the trust’s investments may not align with the business owner’s goals.Certain trust features can help to alleviate this conflict.

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The Well-Planned Business Owner: A Diagnostic Checklist

My Business

Find out if you are well-planned for each business cycle by reviewing this checklist.Business capital phase, where the business is building and growing.Personal capital phase, when it’s time to plan for capital assets outside the business capital phase.Legacy capital phase, where managing and transferring wealth are your primary concerns.Family business owners face unique challenges in managing wealth and preserving legacies for future generations.

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

Marguerite C. Weese |
My Business
Is-an-LLC-Right-for-you-NC.jpg

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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