Whether you are starting a business or looking forward to the day you can retire, you need to make sure that your business has the proper formation. We are here to assist you in forming your business as a limited liability company, corporation or other structure.
Many business owners do not take the time to plan for how they will leave their business. They are busy running the company, or they don’t know where to start. If you continue to own a business until you die, it will be included in your estate and could be subject to substantial estate taxes. Your family could be forced to sell the business or its assets at ‘fire sale’ prices.
Planning for how you will exit from your business should be an integral part of your business formation and estate and retirement planning. Proper planning now can provide you with retirement income and potentially minimize your estate taxes, regardless of whether you transfer your business to family members at discounted values, to employees, or to an outside buyer.
Contact attorney Roya Deyhim today if you have questions about forming a business entity or would like to review your current business formation.