JTH Legal

Selecting the right entity for your situation can have major tax and liability consequences.

Most small businesses should utilize the flexibility and convenience of an LLC.

It’s always wise to talk with a lawyer and CPA before forming a company.

An LLC is the best option for MOST businesses.

Is an estate plan one of your goals for the new year?

It should be! An estate plan helps protect your family and your hard earned assets if something happens to you:

1. Avoid court intervention
2. Ensure minor children have guardians you approve
3. Maintain privacy for your family with a trust

New Year, New Business 💼

What have you been putting off for your business?

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Thank you to all who served and are serving 🇺🇸🇺🇸🇺🇸

There are a number of life events that trigger a trust update - this is one of the most important.

If you don’t have a trust for your family yet, you’re setting them up for an expensive probate and guardianship for your kids.

These are great questions that should always be answered when you work with a lawyer to create your trust.

Online options may seem like a great short term solution, but they can cause you to pay more later if you don’t buy the correct product, buy something not legally sufficient, or don’t understand the tax consequences.

It can take a month or less for you to avoid 12+ months of probate for your family 🙏🏻

This can also be true if YOU are loaning the business money instead of making a capital contribution.

It’s important to document both correctly for tax purposes and liability purposes.