Blog

  • Clear All
  • What’s So GREAT About GRATs? Photo
    What’s So GREAT About GRATs?
    Zell Law, PLLC - Blueprint for Wealth ·
    A Grantor Retained Annuity Trust (GRAT) is a tool used by people who want to reduce estate and gift taxes. There are also Rolling GRATs and Zero'd Out GRATs. A GRAT holds high growth assets that are appreciating in value faster than the Section 7520 rate.
    Read More

  • Does My Business Need a Management Succession Plan? Photo
    Does My Business Need a Management Succession Plan?
    Zell Law, PLLC - Blueprint for Wealth ·
    A Management Succession Plan (MSP) is a vital component of your Business Success(ion)™ plan (Business Exit Strategy). A Management Succession Plan (MSP) determines who will run your business if you face an unexpected exit, either by death or incapacity.
    Read More

  • Who Can Sign a Contract on Behalf of Your Company? Photo
    Who Can Sign a Contract on Behalf of Your Company?
    Zell Law, PLLC - Blueprint for Wealth ·
    WHO can sign contracts for your company? Who can legally bind a corporation? Who is not allowed to sign a contract? Who can sign a vendor contract? The answer depends on how your business is formed and the founding documents your company has in place.
    Read More

  • Corporate Transparency Act Update CTA Update! Photo
    Corporate Transparency Act Update CTA Update!
    Zell Law, PLLC - Blueprint for Wealth ·
    Read More

  • The Corporate Transparency Act (CTA) Effective 01/01/2024! Photo
    The Corporate Transparency Act (CTA) Effective 01/01/2024!
    Zell Law, PLLC - Blueprint for Wealth ·
    The CTA was enacted to help the U.S. Government combat money laundering, terrorism, tax evasion, and other financial crimes by creating a national database of organizations in the U.S. that identifies the human beings behind the companies as owners or controlling persons.
    Read More

  • When Should I use a Retention Bonus (Stay Bonus)? (Selling Your Business) Photo
    When Should I use a Retention Bonus (Stay Bonus)? (Selling Your Business)
    Zell Law, PLLC - Blueprint for Wealth ·
    Retention bonuses protect the: 1. Seller by keeping key employees incentivized to remain at the company and help the company achieve agreed upon targets after the sale of the company. Sellers may also have additional payouts that are “earned” and depend upon company results for some time after the sale during the “earnout period”. 2. Key employee by providing job security and incentives before, during, and after the sale of the company. 3. Buyer of the business by keeping the intellectual capital (key employee knowledge) with the company while the buyer learns the ins and outs of its new business.
    Read More

  • What is the Purpose of an ILIT? Photo
    What is the Purpose of an ILIT?
    Zell Law, PLLC - Blueprint for Wealth ·
    An Irrevocable Life Insurance Trust (ILIT) is a powerful asset protection tool used in estate planning to help manage and distribute assets efficiently, minimize estate taxes, and provide liquidity to an estate.
    Read More

  • What Type of Partnership Should I Create? Photo
    What Type of Partnership Should I Create?
    Zell Law, PLLC - Blueprint for Wealth ·
    What type of partnerships should you choose - General Partners (GP), Limited Partnerships (LP), Limited Liability Partnership (LLP) or Limited Liability Limited Partnership (LLLP). Avoid general partnerships which expose personal assets to business liabilities. (Read More)
    Read More