Planning for the Business and Estate of the Entrepreneur
This blog post was written by Brynne C. Brown, with Van Osdol KC.
This article has been written by the law firm of Van Osdol, PC for the reader’s general knowledge. Please understand that nothing in this article should be taken as legal advice for any specific situation. By writing this article, Van Osdol is not intending for any attorney-client relationship to be established and is not offering legal services to the reader.
Are you preparing for the future?
Estate planning is important for all individuals and families, but it is an especially important process for the entrepreneur! You, the entrepreneur, have worked tirelessly to build your empire – your product, your processes, your brand, your clientele – from nothing to a fully functioning business. Do not let your hard work go to waste by failing to prepare and plan for the continuation of your business by your partners, key employees, or the next generation.
Are you trying to do it alone?
Estate planning, simply put, is the thought-provoking act of preparing your assets for management and transfer in the event of your incapacitation or death. But, in actuality, estate planning is so much more than the disposition of assets. Estate planning is the appointing of trusted agents to make decisions that affect you, your family, and your business. It is your opportunity to leave a written legacy for your heirs and devisees, as well as instructions for those appointed agents.
It is not as easy as it seems!
The process of estate planning is multidimensional. It requires the coordination and integration of tax planning, financial and retirement planning, and business succession planning, to cover all facets of the entrepreneur’s life. We work as part of your team of professionals – financial and insurance advisors, CPAs, and others – to help you protect your business!
How can I learn more?
On Tuesday, March 12, 2019, Van Osdol is returning to Bridge Space to present: Planning for the Business and Estate of the Entrepreneur. This presentation will cover ownership and co-ownership of the different types of business entities, protecting your business assets (including your IP), and planning for your business in the events of disability, incapacitation, and death. At Van Osdol, we work with entrepreneurs in all stages of the business life cycle and with businesses of all sizes.
We look forward to seeing you then!
The post Planning for the Business and Estate of the Entrepreneur appeared first on Bridge Space.
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