Do You Own A Small Business? You Need An Estate Plan
Anyone who owns a small business knows that it is more than just your livelihood. It becomes part of your identity. Should you not be able to run your business anymore, you want to ensure that your small business remains on track to accomplish all the goals you’ve set forth to flourish in the future. That’s why advanced planning is a must for small business owners.
Do you want your business to continue after you pass away? Who would you choose to be responsible for future business decisions? What will happen to your shares in the business? These are all questions that an estate plan for small business owners will cover.
If you become incapacitated or suffer loss of life, an estate plan that takes your small business into consideration will ease the transition into new leadership, protect your business from being dismantled, save the business money, and make sure that your wishes are followed in guiding your small business into the future.
At Schulz Stephenson Law in Beaufort, our estate planning lawyers value small business owners on the Crystal Coast, and are the best consults for estate planning in the area. We can walk you through the process and make sure you take every asset into consideration.
When it comes to protecting the business that you’ve worked so hard to build, it’s important to work with professionals that can help you create documents that are legal and binding with the state. Advanced planning for your business can also help avoid the huge burden of estate taxes that often don’t leave enough capital left to continue normal business operations. You need a qualified business and estate planning lawyer to make sure you’ve taken every tax code into consideration that will protect the future of your business.
Schulz Stephenson Law represents clients in personal and business estate matters in Carteret County, NC including Beaufort, Morehead City, Atlantic Beach, Cape Carteret, and Emerald Isle as well as New Bern and other areas in Craven County, Pamlico County and surrounding areas. Contact us today for a consultation so we can discuss the next steps advanced planning to protect your small business.