The end of the year is a good time to review your personal finances. What are your financial, business or life priorities for 2012? Try to specify the goals you want to accomplish. Think about the consistent investing, saving or budgeting methods [more...]
A new “Family and Private Business” certificate program will be offered by the University of Cincinnati (UC), beginning in the 2012-2013 academic year. According to Lucy May of the Business Courier, the new program of courses was made possible by a new [more...]
Looking ahead Without further legislation in the interim, the provisions of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 are scheduled to sunset, or expire, on January 1, 2013, at which time tax rates and exemption amounts return [more...]
Family Limited Partnership (FLP) or Limited Liability Company (FLLC) A properly formed and maintained FLP or FLLC can facilitate the transfer of your business to the next generation, protect assets from potential creditors, and minimize income, gift, and estate taxes. An FLP [more...]
Transferring Your Family Business Perhaps you have children or other family members who wish to continue the business after your death. Obviously, you’ll want to transfer your business to your successors at its full value. However, with income, gift, and potential estate [more...]
