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Kendall and Bexar County Estate Planning

Texas Estate Planning Blog

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estate planning checklist for procrastinators

Corporate Transparency Act on hold?

On Friday, March 1, 2024, in National Small Bus. United v. Yellen, Judge Liles C. Burke of the United States District Court for the Northern District of Alabama ruled via memorandum opinion that the Corporate Transparency Act (CTA), enacted in 2021, is unconstitutional because Congress lacks the authority to require companies to disclose personal stakeholder […]
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Posted on: March 4, 2024
San Antonio small business owners

Limited Liability for Asset Protection: How an LLC Protects Your Personal Assets

Can a Limited Liability Company provide an effective way to protect your personal assets from the risks associated with running a business? In this post, we review the benefits of creating a clear legal separation between your personal and business assets.
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Posted on: March 4, 2024
family meeting estate planning trust

CTA Imposes New Small Business Reporting Requirements for 2024

Small business owners will have one more item on their compliance to-do list when the Corporate Transparency Act (CTA) takes effect next year.  The CTA,[1] enacted as part of the Anti-Money Laundering Act of 2020 (AMLA), places new reporting requirements on many business entities in an effort to expose illegal activities, including the use of shell […]
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Posted on: January 15, 2024
Fundamental estate planning

Protecting Assets with a Trust vs. Limited Liability Company

To protect assets effectively, you have to store them in the right legal entity. However, that can depend on whether you’re looking to protect business assets, avoid estate taxes, or protect personal assets from legal liability while running a business.
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Posted on: June 7, 2023
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