Developing a business plan is an important step for the future success and growth of any farm. A well-structured plan provides a roadmap for operations, financial management, and long-term goals. Having a plan can truly set your farm apart as a promising business....
Experienced Advocacy And Legal Counsel
Month: August 2024
Mitigating tax risks when converting business structures
Transitioning from one business structure to another can offer a variety of benefits. However, it also introduces tax risks that can have significant financial implications if not properly managed. Understanding the ins and outs of these risks is crucial for a smooth...
Exploring the pros and cons of a charitable trust
A charitable trust is a legal arrangement where you transfer assets to a trust for charitable purposes. It offers unique benefits and challenges that you should consider when planning your charitable giving. Understanding these can help you make informed decisions....
Why you should include business succession in your estate plan
Including what you want to happen to your business after you pass away is an integral aspect of your estate plan. Without clear instructions, your business could face uncertainty. It can lead to potential financial losses or even closure. It becomes more important in...