Category: Business

Owning a business is not just about today’s operations—it’s also about what happens years down the road. For family businesses in Palm Springs, succession planning is a vital part of protecting the company’s future. Without a clear plan, the business you worked so hard to build could face disputes, financial challenges, or...

Individuals who have built successful businesses want to ensure that those businesses continue to thrive after they’re gone. For this reason, it is critical to draft a business succession plan. A business succession plan is a vital legal document outlining the process of transferring ownership and management of a company. ...

While there’s a fair bit of order in the business world, much of it is characterized by unpredictability. Planning for both expected and unexpected eventualities is the best way to weather seismic shifts in your company’s operations, including changes in ownership caused by death, disability, or retirement. Changes in ownership are...

Small business owners face some unique problems when they're planning their estates. If a business operates as a sole proprietorship, the law might not distinguish between business and personal assets. Before and after death, a business owner can benefit from the protection a trust provides. A trust for personal assets can draw a...

Almost everyone can benefit from an estate plan. But for small business owners, an estate plan could help your business avoid litigation or even liquidation upon your death. Small business owners face different tax issues, including estate tax, that many salaried employees never worry about. Depending on the ownership structure of your business,...

When you’ve worked for years to build your business, it’d be difficult to imagine it ceasing once you retire or pass away. That’s why many business owners consider leaving their businesses to their families, namely their children. A successful business can provide an abundance of financial security for your loved ones. However, since proper...