Business Entities
How Proposed Changes to Family Businesses Could Raise Estate Tax Liability
Over the summer of 2016, the Internal Revenue Service (IRS) released proposed changes to tax provisions (Section 2704) that apply to most business entities,…
Business Succession Options in North Carolina
Business succession plans address the future growth or disposition of the business upon a planned succession, or the death or incapacitation of…
Protect Assets: Liability or Malpractice Insurance May Not Be Enough
Liability Insurance May Not be Enough to Protect Assets Having liability or malpractice insurance may be a requirement in some professions, and…
3 Asset Protection Tips for 2013
As North Carolina business owners and other taxpayers adjust to the effects of the 2012 American Tax Payer Relief Act, they are…
3 Tips For Succession Planning
Estate plans and trusts preserve assets accumulated over a lifetime and distribute them to beneficiaries, but what happens to a business when…
NC Dept. of Revenue issues Directive on $50k Business Income Deduction
North Carolina has a new law, G.S. 105-134.6(b)(22), that grants business owners a deduction of up to $50,000 of their net business…
Company Buy-Sell Agreements – Plan Ahead
One estate planning tool that can protect your family and partners is a buy-sell agreement. This legal document gives owners the first…
LLCs Provide Favorable Tax Treatment and Liability Protection
From TrustCounsel’s today’s eNewsletter: There’s no one legal structure that works best for all businesses. The most favorable choice depends on a…
