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Business Formation Estate Planning

There are two main parts to forming a business: the legal structure and the tax structure. For example, an LLC can be taxed in one of four different ways, including as an S-corporation or C-corporation. A corporation can be taxed in two different ways. We can talk about the pros and cons of each structure combination and ensure that the business entity(ies) we set up for you address all of your specific needs. We can also review your existing business structure to make sure it addresses your current and future needs and takes into account any recent law changes in your state.
When forming or updating a business entity, these are some things you may want to consider:
  • Does your business entity protect your business assets?
  • Does your business entity protect your personal assets?
  • In what state(s) should I register my business?
  • When is it appropriate to set up more than one business entity?
  • What is the best business structure for partners vs. one owned individually or by a married couple?
  • Do you have a solid succession plan in place in case something happens to you or one of your partners?
  • Does your business have a sound exit strategy when you are ready to sell the business and/or retire?
  • Do your business documents allow for safe expansion?
  • Does your current structure allow you to minimize taxes?
​Inter Vivos will work with you and your other advisers to incorporate these and other considerations into your overall business and estate plan. Give us a call to ensure that each aspect of owning a business has been expertly addressed.
​Interested in Business Formation Estate Planning?

E-book: "Estate Planning For Founders, Pharoahs, & Pioneers"

Close to 70 % of all businesses in the United States are closely held or family owned. Business owners are perhaps most in need of proper planning and often most oblivious to it. Our upcoming E-Book, "Estate Planning for Founders, Pharaohs, and Pioneers" walks a family business through planning needs from formation all the way to succession as well as how to protect themselves from liability, how to plan around taxes, and how to protect what makes their business special. In short every small business needs it.