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Estate Planning, 5E by Stephen Maple

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CHAPTER6

Strategies for the Self-Employed

In This Chapter

  • Sole proprietors, partnerships, corporations, and LLCs
  • When others are involved
  • Tax savings
  • The importance of a buy-sell agreement

If you own a business, or perhaps are considering starting one, this chapter is for you. Your choice of entity, how you set yourself up to conduct your business, is important. It can impact the success of your enterprise tax-wise, and it can affect your estate, as you will see throughout the next several pages.

First we’ll look at how you might choose to set up shop (or office, plant, shopping mall kiosk, and so on). You have several choices.

Sole Proprietor ...

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