On behalf of LeBeau Thelen, LLP | Jul 22, 2020 | Estate Planning
Business owners must take several steps to create an effective succession plan. After all, there are many aspects of succession required to ensure that the business – and its legacy – continue. One of the essential steps business owners must complete when creating...
On behalf of LeBeau Thelen, LLP | May 11, 2020 | Estate Planning
When it comes to running a successful business, attention to detail and organization are critical. These characteristics are also important for business owners to implement when it comes to their estate plan. An organized estate plan is an effective estate plan. And...
On behalf of LeBeau Thelen, LLP | Apr 20, 2020 | Estate Planning
One of the most important aspects of running a successful business is mitigating any risks the business could face. This requires business owners to adapt and plan effectively for the future. Unfortunately, this often means that California business owners must...
On behalf of LeBeau Thelen, LLP | Mar 3, 2020 | Estate Planning
Many sources, including this blog, advise business owners on how important it is to begin succession planning early. After all, an effective succession plan is not only a plan for a business owner’s retirement. It is also a plan to protect the business’s assets and...
On behalf of LeBeau Thelen, LLP | Feb 4, 2020 | Business and Corporate, Estate Planning
Creating a business succession plan is critical for every California business owner. However, successfully transferring a business requires more than a plan – it also requires action. Business owners must prepare their successor, so the transition is smooth for both...
On behalf of LeBeau Thelen, LLP | Dec 23, 2019 | Business and Corporate, Estate Planning
Some business owners know exactly who will take over their business. They might choose a sibling or their child to step up and take over the family business. Or, entrepreneurs who run large companies might choose a co-owner or partner to take over after they leave the...
On behalf of LeBeau Thelen, LLP | Dec 10, 2019 | Estate Planning
It is essential for business owners to create an estate plan. We have discussed this many times in past blog posts, but it bears repeating. Business owners create plans and strategies for the future constantly, yet many still postpone estate planning, even if they...
On behalf of LeBeau Thelen, LLP | Nov 12, 2019 | Estate Planning
Most business owners spend most of their lives building their business to where it is today. The success of the business is likely one of their proudest legacies. But as business owners get older, they may want to start thinking about what happens to the business when...
On behalf of LeBeau Thelen, LLP | Nov 5, 2019 | Estate Planning
You are the key to your business’ success. The company’s vision, strategy and day-to-day operations all come back to you. If you were to not show up for a week, with no communication and no explanation, what would happen? It’s a bit of a terrifying thought, but it...
On behalf of LeBeau Thelen, LLP | Oct 3, 2019 | Estate Planning
For business owners, estate planning is critically important. Regardless of the type of company they launched, an estate plan can help business owners protect what they have worked so hard to build and also provide them with a sense of security. So, here is an...
