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 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.

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.

Curious about retention bonuses and how they play a crucial role in employee incentive programs? 💼 Join us in this informative video as we dive into the concept of retention bonuses, uncovering their purpose, mechanics, and how they can be a powerful tool for businesses to retain their top talent.