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Estate Planning Basics for the Family Owned Business

Few things in life can bring more joy and satisfaction than owning a business. It can provide flexibility, autonomy, and a great income for generations. Successful family-owned businesses often are handed down to children and grandchildren, creating legacies as well as wealth. But business owners face more complex questions when preparing their final affairs. Unlike most Americans, small business owners have added concerns about who will take over the business, how the business will be run after they are gone, and what would happen to the business if they became incapacitated in some way. These and more are issues that...

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S Corp Problems: Are You Set Up for Success?

Many small business owners struggle when starting out. There are a lot of reasons for this, but perhaps the most common early pitfall is setting up the business with the wrong foundation. While a good accountant is a necessity for any business, what they think is best for you may not actually be the best for your business. In particular, many CPAs will advise small business owners to set their company up as an S Corp. While this is generally a great idea for some companies, it is not always your best option. When it comes to long-term success for...

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Religious Liberty Gets a Huge Victory at Supreme Court

America has a long and proud tradition of upholding individual liberties, including perhaps one of the most precious liberties - the right and freedom to worship as one chooses. Under the First Amendment to the U.S. Constitution, this freedom is clearly and unequivocally preserved. In a landmark decision earlier this year, the U.S. Supreme Court granted a remarkable victory to a Catholic order of nuns whose religious faith prohibited them from supporting insurance coverage for contraceptives. At the Sejour-Gustave Law Firm, PLLC, we are carefully monitoring the progress of these issues, as they directly relate to the rights of all...

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