by Howard C. Stross | Mar 22, 2023 | Business Law, Commercial Real Estate, LLC, Small Business
Before you become a “minority” owner of a business, here’s what to consider… A business is “closely-held” when ownership is severely limited and those limitations extend to an owner’s ability to withdraw their investment and “retire”. A... 
by Howard C. Stross | Jan 30, 2023 | Business Law, Business Succession Planning, Estate Planning, LLC, Small Business
The limited liability company (LLC) is a popular business structure that offers liability protection and avoidance of double taxation. Trusts are popular asset transfer vehicles that allow you to avoid probate and some trusts act as asset protective devices. By... 
by Howard C. Stross | Jan 11, 2023 | Business Law, LLC, Small Business
Estate planning and business law attorneys often advise their clients to form a limited liability company (LLC). An LLC provides flexibility and another level of asset preservation for the LLC’s owners/members. There are usually at least six steps to properly... 
by Howard C. Stross | Nov 30, 2022 | Business Law, Business Succession Planning, LLC, Small Business
If the sole member of a single member limited liability company (SMLLC) established under Florida law dies, the SMLLC must dissolve and wind up its affairs unless the operating agreement provides for a different result. This is a huge reason why even a SMLLC should... 
by Howard C. Stross | Oct 26, 2022 | Asset Protection, Business Law, LLC, Real Estate, Small Business
To avoid probate with a trust-based estate plan, ownership of real estate must be transferred so it is an asset of the trust. In asset protection planning, ownership of real estate might be transferred to a legal entity such as a limited liability company (LLC).... 
by Howard C. Stross | May 11, 2022 | Business Law, Business Succession Planning
Business owners can be so concerned with day-to-day operations they fail to prepare for the inevitable day when they can no longer run their business. “Someday I’ll get to it.” Someday is now. There always seems to be time until there is no more...
