What is a Family Holding Company?
A family holding company is an LLC (limited partnership): Instead of transferring an asset directly into the hands of the next generation, combine family-owned assets into a family holding company and use it as a centralized way of managing the family’s wealth. This ensures assets can be controlled by you, but shifted out of your estate and to your future generations or trusts for their benefit.
Who Can Sign a Contract on Behalf of Your Company?
WHO can sign contracts for your company? Who can legally bind a corporation? Who is not allowed to sign a contract? Who can sign a vendor contract? The answer depends on how your business is formed and the founding documents your company has in place.
What is a Self-Canceling Installment Note (SCIN)?
Discover the power of Self-Cancelling Installment Notes (SCINs) for family business transfers and estate planning. Learn how SCINs work, their tax benefits, and when to use them. Explore the advantages of SCINs in minimizing gift and estate taxes while transferring property between family members. Optimize your wealth transfer strategy with expert insights on Self-Cancelling Installment Notes.
When Should I use a Retention Bonus (Stay Bonus) if You Are Selling Your Business?
Noncompete agreements are legal contracts restricting employees from working for competitors or starting competing businesses after leaving a job. These agreements protect employers. FTC's ban has been placed on hold and is still on hold as of 4/22/25