As a business owner, you will inevitably come across potential disagreements and other business tangles in your time. While many may think they need to turn to litigation right away, that is not always the case. In many instances, you could and should take a look at...
Succession planning enables you to maintain some control over your business even if you reach a point of incapacitation. Because building a business requires sacrifice, you will want to do everything in your power to protect your hard work. Identifying potential...
When doing business succession planning, you should go beyond setting up the legal transfer of the business. If you really wish for your heirs to be successful once they take over the business, you should also include a business operations manual as part of your...
When it comes to planning your estate, you want it to be as smooth as possible. For this to happen, you need to prepare your estate plan properly. According to MetLife, some mistakes can cause confusion and stress after you die. Fighting amongst family members Your...
Turning your passion into a business has driven you. You have the ideas and investors lined up. With a vision and understanding of the market, you are nearly ready. However, you also understand that your company has a better chance of success when welcoming a business...
When estate planning is something that most people think that only extremely wealthy people need, they may not consider how it could benefit them. Misinformation about estate planning may be part of why two out of every three adults do not have a thorough estate plan....
A corporation is a type of business structure. You may best know this type of business as being the type that offers stocks. There are two main types of corporations: S and C. According to Nav, each type of corporation has distinguishing features that can help you...
Your employees are the lifeblood of your Illinois-based business. Without them, you may not have the success that you currently enjoy. As their employer, you promise steady income in exchange for their skills and abilities. An employment contract can aid you in...
Many people put off making their wills for a variety of reasons, from believing their estate is too small for the need to fearing all the paperwork and questions involved. According to U.S. News, the more specific individuals are when writing a will, the simpler it is...
Wills and trusts both represent important estate planning components. If you expect to leave assets to your children and grandchildren when you die, one or both of these structures will guide your wishes for your estate. Review the differences between wills and trusts...
