Business Planning

WHAT TYPE OF BUSINESS SHOULD I HAVE?
There are a variety of factors in choosing a business entity to own and manage your business through.  Some of those considerations are taxes, control, estate tax discounting, and asset protection.

Click on any of the following links to see a summary of the advantages and disadvantages of each type of business.

HOW TO GET OUT OF BUSINESS
There are thousands of books and websites and information packets available on how to get into just about any type of business that you can dream up, but once you are IN business, how do you get out?

Things to Consider
Many business owners feel that their retirement check comes when they sell their business.  The sad truth they don’t know is that about 72% of businesses between 5M & 150M in value will never find a buyer.  Of those that do, most sell on a note and 80% of those notes will never get paid off.  Chances are that your business will lose most of its value as soon as you are unable to run it.

Does your spouse lay awake at night wondering what to do if something happens to you?  Your spouse doesn’t know how to run your business alone.  In fact, if you’re like most business owners, there is no one right now who can run your business if something happens to you.  How will your spouse be taken care of, or take care of you, or take care of the company once you are no longer able to?  Advanced Legal Planning, LLC can help bring Peace of Mind to you and your loved ones.

Dig Deeper . . .