LLC Formation and Succession Planning

LLC Formation and Succession Planning

LLCs have become the most flexible and preferable entity for most operating businesses. They combine tax planning flexibility with administrative simplicity, legitimate asset protection, and a built-in plan for succession of interest after the business owner retires or dies.

LLCs provide a powerful tool for estate planning, too. Families who may not operate ongoing businesses can still benefit from the protection and flexibility that LLCs provide, by creating a proven and reliable structure to manage and distribute family property to children or future generations.
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