Business Succession Planning to Transfer Business Interests Upon Death

What happens to your business interests when you die?

If you are a member of a LLC, partnership, s-corp, or other corporation, it is critical that your ownership interest and accounts receivable are tied to your estate plan, either through amending your operating agreement or executing an assignment of member interest. This is one component of business succession planning, which is almost always overlooked and which I can easily and economically assist.

Forming a LLC to Protect Your Assets

Do you operate a business? Do you rent a home? These enterprises should be held in a LLC or other business entity to protect your other assets from creditor claims if you are sued. And, of course, these interests should be tied to your estate plan.