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THE FAMILY LLC – A UNIQUE ESTATE PLANNING TOOL

Posted on 4/26/2017 by in Entity Formation Estate Planning Business Law Family LLC LLC

A Family Limited Liability Company (FLLC) is a legal entity that serves as an estate planning tool. The main goals are to protect assets from creditors, provide management experience for younger generations, ensure who acquires a direct interest in the family business, prevent fragmentation of the family business and assets, and reduce estate and gift taxes.

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S-CORPORATIONS VS. C-CORPORATIONS

Posted on 12/27/2016 by in tax S corporation C corporation Entity Formation

What is the best legal structure for your business? While there is an assortment of different structures (corporation, limited liability company, partnership, etc.), it is first important to understand the difference between an S-corporation (“S-corp”) and C-corporation (“C-corp”).

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