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Estate Planning for Business Owners

Get together with like-minded individuals in our Impactful Inheritance community to discuss planning, preservation, and protection of wealth. Join our community today and start making a difference for future generations. 30 day free trial at the following link: https://www.impactfulinheritance.com/... -- Business owners pour their hearts and souls into their businesses. Often, when a business owner dies, surviving family members, business partners, and employees are thrown into a state of disarray. Estate planning for the business owner can minimize those problems. Issues initially inquired about when business owners engage in estate planning include the structure of the business, the existence and terms of any organizational documents, and whether co-owners of the business exist. Business owners who have business partners often put buy-sell agreements to pre-arrange for the purchase and sale of the business once an owner dies. Because businesses easily fluctuate in value, and because businesses and their owners often struggle with liquidity, the terms of a buy-sell agreement become of utmost importance. Tax considerations often must be made when business owners engage in estate planning. The estates of business owners often find it difficult to generate the liquidity to cover the federal estate tax liabilities that result from a business owner's death. For prospective law firm clients who want to schedule a free 30 minute initial phone call with Paul Rabalais, go to: https://go.oncehub.com/Paul8 This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship. Paul Rabalais Estate Planning Attorney