Mark Kohler walks accountants and small-business owners through estate and business-entity planning. He recommends combining a revocable living trust with S Corp and LLC ownership to avoid complications when an owner dies, and urges you to get a plan in place for 2023.
For you accountants out there, that trifecta really comes together with that revocable living trust, owning the S Corp and the llc. Bringing it all together. Because I hate to tell you, someday you're going to die. Your clients are going to die, and you don't want to have a train wreck with a disorganized business structure. So make sure you bring it all together. And if you need a console, our links are down below. The lawyers are out maybe a week and a half, but they'll build a plan for 2023. Get a plan for 2023.
The secret to managing your family's future #financialfreedom #estateplanning #shorts
Moving Property to an LLC: What They Don't Tell You #realestate #investing #tips
