Small business owners will have one more item on their compliance to-do list when the Corporate Transparency Act (CTA) takes effect next year. The CTA,[1] enacted as part of the Anti-Money Laundering Act of 2020 (AMLA), places new reporting requirements on many business entities in an effort to expose illegal activities, including the use of shell […]
You have a lot riding on your small business. You have invested your money, time, and sweat equity to build a company that will be successful for years to come. Even if you make all the right business moves, unexpected costs can arise at any time. Accidents, natural disasters, data breaches, and other unexpected occurrences are […]
The short answer to the title question is yes, your trust can own your business after you die. The longer legal answer is there are a number of considerations that may impact your trust’s ability to own a business after your death. One such consideration is the type of business interest you own. Is the […]
Franchise and multilevel marketing (MLM) businesses are often attractive because they offer people the chance to start a small business with a well-known brand and an established business model. However, these businesses present different types estate planning challenges because their rights and obligations are spelled out in contractual agreements. What Is a Franchise? When you […]
