Category Archives: Business Succession

Transferring LLC Membership Interests Part 2

Part 2: Voluntary Transfers

In this 3-part blog series, we’re discussing a variety of aspects to consider when transferring membership interests in an LLC. Check out our overview blog on this topic before reading on about voluntary transfers. An LLC affords its members a certain amount of personal asset protection. Part of this...
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How Your Marriage Can Impact Your S Corporation

Marital status can impact your S Corporation more than you may realize.

Before starting your business or changing its status, make sure you’re aware of all the implications this has for you and your spouse.

Community Property and Asset Co-Ownership

Community property is the designation given to any asset that a married couple owns together, regardless of the...
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5 Steps to Take When Winding Down Your Business

There are many reasons business owners close up shop, including retirement, starting a new venture or, hopefully, because they’ve won the lottery.

No matter what the reason, it’s important to diligently wind down a business before moving on.

This process can be emotional and overwhelming, so here are five steps to take to start moving toward your...

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Small Law Firms Make a Big Difference

When it comes to law firms, bigger is not always better.

The definition of a “small” law firm can change depending on the location and type of practice, but according to the American Bar Association, nearly 70% of all private sector attorneys work at firms with fewer than 20 lawyers. People may initially shy...
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