Most people initially think that an entity\u00a0is only formed and organized for asset\u00a0protection. Most people don\u2019t know that\u00a0if the appropriate entity is chosen and\u00a0set up properly it can help meet the\u00a0following goals:<\/p>\n
\u2022 Income tax: reduction, elimination\u00a0and deferral<\/p>\n
\u2022 Provide for retirement<\/p>\n
\u2022 Centralized management<\/p>\n
\u2022 Facilitate gifting and taking\u00a0advantage of the annual Gift Tax\u00a0Exemption<\/p>\n
\u2022 Maintain control of the entity after\u00a0making gifts and sales<\/p>\n
\u2022 Reduce estate taxes<\/p>\n
\u2022 Allow fractional interest in the entity\u00a0without fractionalizing the underlying\u00a0assets<\/p>\n
\u2022 Provide centralized policy and risk\u00a0analysis for the family\u2019s investments<\/p>\n
\u2022 Provide for wealth transfer from one<\/p>\n
generation to another<\/p>\n
\u2022 Provide business succession planning,\u00a0along with buy-sell opportunities<\/p>\n
\u2022 Control cash flow to members<\/p>\n
\u2022 Reduce California taxes<\/p>\n
\u2022 Resolve family business disputes\u00a0privately<\/p>\n
\u2022 Provide confidentiality<\/p>\n
\u2022 Avoid business interruption<\/p>\n
\u2022 Avoid probate<\/p>\n
\u2022 Restrict the ownership rights of nonfamily\u00a0members and prevent transfers\u00a0due to failed marriages<\/p>\n
\u2022 Prevent commingling of assets for\u00a0family members<\/p>\n
\u2022 Make withdrawals from the entity\u00a0difficult to do<\/p>\n
\u2022 Protect members from entity creditors<\/p>\n
\u2022 Qualify for Family Business Exclusion<\/p>\n
\u2022 Promote knowledge of family business<\/p>\n
\u2022 Provide medical insurance and other\u00a0benefits to employees with pre-tax\u00a0dollars<\/p>\n
\u2022 Provide income for family members<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Most people initially think that an entity\u00a0is only formed and organized for asset\u00a0protection. Most people don\u2019t know that\u00a0if the appropriate entity is chosen and\u00a0set up properly it can help meet […]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1,9,7],"tags":[],"class_list":["post-643","post","type-post","status-publish","format-standard","hentry","category-blog","category-business-litigation","category-estate-planning"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/mcdlawyers.net\/index.php?rest_route=\/wp\/v2\/posts\/643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcdlawyers.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mcdlawyers.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mcdlawyers.net\/index.php?rest_route=\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/mcdlawyers.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=643"}],"version-history":[{"count":0,"href":"https:\/\/mcdlawyers.net\/index.php?rest_route=\/wp\/v2\/posts\/643\/revisions"}],"wp:attachment":[{"href":"https:\/\/mcdlawyers.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mcdlawyers.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mcdlawyers.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}