Bite-Sized Bits of Knowledge
What Every Business Owner Needs to Know about Ownership Documents
What Every Business Owner Needs to Know about Ownership Documents By: Barry E. Haimo, Esq.December 2, 2024 Governing documents are critical for a lot of reasons, and one of those reasons is to make sure ownership is well- documented. Each entity has different options....
Trust Funding: Everything You Need to Know
Your Guide to the Ins and Outs of Funding Your Trust By: Barry E. Haimo, Esq.September 27, 2024 Today, we're diving into a crucial topic: trust funding. If you've completed your estate planning and established a trust, you're ahead of the curve. You may have heard...
Everything You Should Know about Making Your Business an S Corp
If you are a small business owner, you are likely to own your business through a business entity such as a corporation or limited liability company (LLC). You might also choose to have your business entity taxed as an S corporation. First, what is an S corporation?...
BBK Trust: Corporate And Professional Trustees
What to Know about Corporate And Professional Trustees By: Barry E. Haimo, Esq.September 13, 2024 Understanding the distinctions between a professional trustee and a corporate trustee is crucial for effective trust management. Each type of trustee brings unique...
Profits Interests
What Are Profits Interests and Why Should You Care? By: Barry E. Haimo, Esq.July 11, 2024 Let’s explore a valuable tool for partnerships: profits interests. Whether you're looking to reward key personnel or align their interests with the company's future...
Corporate Transparency Act: What to Know and Who is Affected
Corporate Transparency Act The Corporate Transparency Act is a pivotal piece of legislation that represents a significant shift towards enhancing corporate transparency in the United States. As a relatively new law, it introduces a complex framework aimed at...
Trust Disclosures: What You Need to Know about Notices and Accountings
Trust Disclosures: What You Need to Know about Notices and Accountings By: Barry E. Haimo, Esq.June 21, 2024 If you are administering a trust, there is certain information that you are required to provide to particular parties. This information is covered under an...
What (and Who) Is Involved in Managing Your Trust?
What (and Who) Is Involved in Managing Your Trust? By: Barry E. Haimo, Esq.June 24, 2024 Managing a trust can be a complicated job, which is why it is so important to make sure you choose the right trustee. There are a variety of skills required to make sure...
Trust Succession and Other Trustee Duties
Trust Succession and Other Trustee Duties By: Barry E. Haimo, Esq. June 20, 2024 If you are named as the trustee for someone’s trust, you probably understand that you have some specific duties that you are expected to carry out. What you might not know is that part of...
Where Trust Protectors Fit in a Trust
Trust Protectors Understanding the role of a trust protector or trust advisor can make a significant difference. Depending on the type of trust you have and the kind of guidance you need, these professionals can offer invaluable support. Now that you have a bit of...
