Business Planning
Corporate Transparency Act (CTA): Navigating the New FinCEN Reporting Requirements
Attention Business Owners! Starting January 1, 2024, the Corporate Transparency Act (CTA) requires businesses to report their real owners to the Financial Crimes Enforcement Network (FinCEN). This legislation aims to prevent financial crimes by enhancing [...]
Using a Minority Valuation Discount to Reduce Estate Taxes
While the current estate tax exemption is quite high, a closely held family business may put your estate over the limit. Careful planning is necessary to lower or completely avoid the tax, and minority valuation [...]
Succession Planning for E-Commerce Brands
E-commerce has changed the way the world does business, offering even the smallest enterprises and solo entrepreneurs 24 hour-a-day access to customers from around the globe. While the opportunities are substantial, if you’ve created a [...]
Yes, You Need a Buy / Sell Agreement
Losing a business partner or a member of a closely-held corporation is difficult in many ways, both emotional and practical. But, that transition can be much more difficult if the result of your partner’s death [...]