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Why Some of the Most Successful Entrepreneurs and Professionals Use Family Limited Partnerships
Why Some of the Most Successful Entrepreneurs and Professionals Use Family Limited Partnerships Entrepreneurs and professionals, like physicians or attorneys, spend years building assets. Businesses. Real estate. Investment accounts. Ownership interests in LLCs. Over time, those assets often become more valuable, more numerous, and more complex. Eventually, the conversation changes. Instead of asking how to…
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Do LLCs Really Protect Your Personal Assets? Yes…But Probably Not the Way You Think
Do LLCs Really Protect Your Personal Assets? Yes…But Probably Not the Way You Think If you’ve owned a business for any length of time, you’ve probably heard the same advice countless times. “Just form an LLC and your personal assets are protected.” It’s good advice. The problem is that it’s often misunderstood. An LLC is…
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The Biggest Asset Protection Mistakes Capital Raisers and Entrepreneurs Make
Building wealth is difficult. Protecting it requires an entirely different strategy. You’ve spent years building businesses, investing in real estate, raising capital, or growing your personal net worth. You’ve learned how to identify opportunities, negotiate deals, secure financing, and create value. That’s what being an entrepreneur is all about. Those are the skills that help…
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Loving v. Virgina: The Supreme Court Case that Redefined Marriage in the U.S.
There is a momentous Supreme Court Case that stands as a beacon of hope and progress made within the last century. As we celebrate both Black History Month & Valentine’s Day this February, it is essential to recognize the case which shattered the barriers of racial segregation and reaffirmed the fundamental right to love…
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Independent Administration vs. Dependent Administration
What is an Administration? When someone dies, they leave behind all their worldly possessions. Those worldly possessions are left to the living to decipher what everything is in the decedent’s estate and where everything needs to go. This list can range from a variety of duties, including taking an inventory of the decedent’s…
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Estate Planning for Teens and Young Adults
Tragedy can strike at any moment, and teenagers and young adults are no exception, as exemplified by the recent COVID-19 pandemic and the numerous headlines about accidents involving young adults. College is a particularly unique situation. For the first time in their life, teenagers have a little bit more freedom to make their own decisions…