A buy-sell agreement could be the document that saves your business from ruin if your partner in the business decides to leave. Your buy-sell can set terms to provide your partner with a fair price for his or her ownership interest. Paying your partner will be a major...
Estate taxes can be a significant financial burden on your heirs, particularly if you own a large estate in Florida. However, you can take steps to cut the amount of taxes that your Florida estate pays after you die. By reducing your estate's tax liability, you can...
While you may look forward to your retirement years, thinking about the future may require more than planning for the more joyful moments during your old age. Planning for less pleasant events may seem daunting, but this can protect your assets and your family from...
Commercial real estate investments offer potential long-term earning, but it comes with challenges not found in the residential arena. Often high-dollar deals with stiff competition, you can easily fall into common traps that may make your deal go sour. 1. Jumping in...
Creating a trust fund for a minor or someone who will require lifelong care takes a great deal of forethought and planning. One major factor is finding a trustee who can manage the account and make decisions that remain in the best interests of the benefactor. U.S....
Converting a business, establishing a new one and reviewing core articles are all complex processes. It often helps to break the effort down into smaller, discrete tasks. If you are considering an organizational form more complex than a sole proprietorship or...
If you have important papers or valuable objects, it might make sense to invest in a safe deposit box at your local bank. These boxes can be expensive, though. Indeed, according to MyBankTracker, for a safe deposit box at a major bank, you can expect to pay as much as...
Wills and trusts are both estate planning documents that allow you to distribute assets to beneficiaries. However, they work in different ways. Depending on your individual situation, you may want to make a trust the primary document in your estate plan. The Motley...
Choosing the correct entity for your business is a crucial decision that will significantly impact your company's success. Your selected entity will determine your legal structure, tax obligations and personal liability. The most common entities are sole...
Having a partner can be beneficial for many business owners. However, not setting up the partnership correctly can have serious consequences. If you are thinking of starting a company, you should make sure you are going into business with the right individual. You...