business succession plan

Many New Hampshire business owners commonly have not reviewed their estate planning documents with an attorney in many years nor have they developed a formal business succession plan. To avoid huge mistakes, business owners should take the time to ask the following pertinent questions: Do I have a will and/or…

Continue Reading

Business-Succession-Planning-200x150

What Are Motivating Factors For Estate Planning And Business Planning? A recent client consultation touched on the “whys” of estate planning and business planning. As in, what do most people want to accomplish when they come in to our offices? Here is my unofficial “top five” list. 1. Incapacity planning…

Continue Reading

Double-Taxation-Welts-White-Fontaine-150x150

Nashua business owner has concerns about how to avoid (or minimize) being “double taxed” when he sells his business that has been operated as a C-corporation Selling a business requires careful tax planning; especially where a business has operated as a closely held C corporation and the proposed structure of…

Continue Reading

estate planning

We recently had a Nashua business owner voice concerns about how to avoid “business probate". There are a variety of methods of providing a smooth non-probate succession for small business owners.If there are multiple owners, then there should be buy-sell agreements embedded in the governing documents: LLC Operating Agreement; Shareholder…

Continue Reading

NH-real-estate-transfer-tax-216x150

Nashua business planning client owning several rental properties has concerns regarding being caught in New Hampshire’s real estate transfer tax (RETT) net. Can property be transferred from a joint tenancy with rights of survivorship to a newly created LLC for added liability protection and administrative ease? Can real estate held…

Continue Reading

img5

“I’m too busy running the company” - “That’ll never happen to me” Some all too common refrains uttered by hard working business owners are: “I’m too busy running the company” and “That’ll never happen to me.” In our firm’s estate planning/business planning practice it is evident that most New Hampshire…

Continue Reading

Business-Succession-Planning-200x150

Nashua Small Business Owner has Concerns About How Estate Taxes Will Affect His Business Succession Plan. Estate taxes and proper estate planning are an important consideration for all New Hampshire closely held business owners. A successful small business recently asked how the IRS will establish “fair market value” for their…

Continue Reading

business-succession-planning-NH-194x150

A Nashua, New Hampshire business owner has concerns about business succession planning for her family business. A business owner who is nearing retirement age recently asked what were some initial issues to consider, right now to help to transition her successful small business to her children. The following are some…

Continue Reading