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Category Archives: Business Succession

Warehouse2

What Happens If A Business Owner Dies And Leaves A Warehouse Full Of Unsold Inventory?

By Legacy Protection, LLP |

Many Florida residents dream of owning and running their own business. But what these people often fail to consider is the need for business succession planning. That is, what will happen to their business if they become incapacitated or die unexpectedly? If a business is structured as a corporation, then as far as the… Read More »

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3Paths

What Is An Estate’s Responsibility For A Decedent’s Business Assets?

By Legacy Protection, LLP |

A person’s death may not just leave personal assets for their estate to deal with, but also business assets. How the law deals with this latter class of assets depends largely on how the business itself was structured during the deceased owner’s lifetime. In some cases, the personal representative of the probate estate will… Read More »

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BusPlan

Estate Planning for Business Owners: What Happens if You Don’t Have a Succession Plan in Florida?

By Legacy Protection, LLP |

The mere thought of death can be overwhelming, which is not surprising why many people are reluctant to think about their own death, let alone plan for it. But if you own a business, you need to understand that without a succession plan, your business may die with you. If you own a business,… Read More »

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How Small Business Owners Can Benefit from Estate Planning in Florida

By Legacy Protection, LLP |

Planning for your business oftentimes goes hand in hand with your personal estate planning. You have worked hard to make your business a success, which is why it is important to plan for your business’s future from a succession standpoint, too. As a small business owner, you must make more decisions regarding your personal… Read More »

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