Business owners, professionals, and real estate investors need to be concerned about setting up and arranging their assets in a manner that will protect them from claims against the business.
When choosing a business entity, consider:
- Liability Protection – your personal liability should be a major factor in determining what entity you should choose. Sole proprietorships and general partnerships offer no liability limits for their owner/partners (i.e., your personal assets are up for grabs). “High risk” industries often consider limited partnership, LLC, LLP, “S” or “C” Corporations.
- Ownership transition
At Ross Estate Planning we provide the guidance that individuals, families, and owners of a business need in understanding the issues they face.
There are several ways to form a business including: sole proprietorship, partnerships, corporations, limited liability companies, and limited liability partnerships.
The team of Ross Estate Planning assists clients with Estate Planning, Wills, Trusts, Charitable Planning, Asset Protection, Trust and Probate Administration, Retirement Planning, Business Succession Planning and Entity Formation in Northeast WI including Door, Brown, Kewaunee, Oconto, Manitowoc, and Sheboygan..