Business Planning
 
Business corporations are used to separate potential business liabilities from the business owner's personal assets and provide a vehicle for business succession upon the owner's retirment or death.

LLCs are another flexible entity for many operating businesses. LLCs combine tax planning flexibility with administrative simplicity, legitimate asset protection, and a built-in plan for succession of interest after the business owner retires or dies.

LLCs provide a powerful tool for estate planning, too. Families who may not operate going businesses can still benefit from the protection and flexibility that LLCs provide, by creating a proven and reliable structure to manage and distribute family property to children or future generations.
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