Are you a business owner? Have you thought about estate planning and business succession planning? In this episode, we discuss the importance of estate planning for business owners with the attorneys from McIntyre Elder Law.
During the episode, the attorneys explain the various aspects of estate planning for business owners, including drafting operating agreements, creating bylaws for corporations, and setting up buy-sell agreements. They also discuss the importance of considering taxation and preventing unwanted business partnerships.
As a business owner, it’s important to set up rules and agreements for the business to function properly. The attorneys emphasize the potential issues that can arise if one of the business owners passes away without a plan in place, such as the interest going through probate and holding up the operation of the business.
Business succession planning is a part of estate planning, and the attorneys offer solutions such as keyman life insurance policies and buy-sell agreements to protect the business and individual interests. They also suggest considering bylaws and articles of organization and thinking about whether they want to be in business with people they did not enter the business with.
The attorneys offer a free consultation for business owners to discuss their estate planning needs. It’s important not to wait until it’s too late to plan for the future of your business. As the attorneys say, “failing to plan is planning to fail.”
So, if you’re a business owner, I highly recommend listening to this episode and taking advantage of the free consultation offered by McIntyre Elder Law. Don’t wait until it’s too late to protect your business and your interests.
Thanks for listening!
Schedule your FREE consultation today: mcelderlaw.com/scheduling or Call: 1-888-999-6600.