2023

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  • How Do I Pass My Business On To The Next Generation? Photo
    How Do I Pass My Business On To The Next Generation?
    Zell Law, PLLC - Blueprint for Wealth ·
    How do I pass my business on to the next generation? Read on for more.
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  • When Should I Sell a Piece of My Company to a Non-Grantor Trust? Photo
    When Should I Sell a Piece of My Company to a Non-Grantor Trust?
    Zell Law, PLLC - Blueprint for Wealth ·
    One advantage of selling to a non-grantor trust is that it allows you to lock in the capital gains at a fixed value while deferring the recognition of the gain until payments are made under the promissory note. This strategy can effectively transfer the appreciation in value to the trust beneficiaries.
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  • What is a Value Gap (Value Gap Analysis)? Photo
    What is a Value Gap (Value Gap Analysis)?
    Zell Law, PLLC - Blueprint for Wealth ·
    A value gap is the difference between what a seller thinks his/her business is worth and what the actual fair market value of the business-increase your value (decrease your "Gap") with strong management team,loyal & diverse customer base, competitive advantage & scaleable & efficient operation.
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  • Should I Set Up a Dynasty Trust? Photo
    Should I Set Up a Dynasty Trust?
    Zell Law, PLLC - Blueprint for Wealth ·
    A dynasty trust is a long-term, irrevocable trust designed to pass on and manage wealth for multiple generations. It allows individuals to transfer assets, such as money, property, investments, or closely-held business interests into a trust for beneficiaries (typically family members) while minimizing estate tax, gift and generation-skipping transfer (GST) taxes and protecting the assets from creditors and potential squandering.
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  • TAX ALERT: What will the estate and gift tax exclusions be in 2024, 2025? Photo
    TAX ALERT: What will the estate and gift tax exclusions be in 2024, 2025?
    Zell Law, PLLC ·
    What is an estate tax and a gift tax and how are they different? The federal estate tax applies to the transfer of property at death. The gift tax applies to transfers made while a person is living. The generation-skipping transfer (GST) tax is an additional tax on a transfer of property that skips one or more generations.
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  • What is a Management Buyout (MBO)? Photo
    What is a Management Buyout (MBO)?
    Zell Law, PLLC ·
    What are the advantages and disadvantages of a management buyout?: Managers know the business, suppliers, vendors, and clients/customers. If they have “skin in the game” in the form of their own invested capital, they’ll be more motivated to keep the business profitable.
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  • What is a Self-Canceling Installment Note (SCIN)? Photo
    What is a Self-Canceling Installment Note (SCIN)?
    Zell Law, PLLC ·
    A self-canceling installment note (SCIN) is a promissory note that contains a provision under which the buyer’s obligation to pay automatically ceases in the event that the seller dies before the note’s maturity date. SCINs are typically used in family business transfer situations.
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  • What Does a Letter of Intent (LOI) Consist Of? Photo
    What Does a Letter of Intent (LOI) Consist Of?
    Zell Law, PLLC ·
    I have seen myriad Letter of Intent (LOIs), from bare-bones versions to extremely detailed and comprehensive LOIs. A more detailed LOI may serve you best, simply because it makes negotiating the definitive purchase agreement and ancillary agreements easier.
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