Overview
A business trust separates your business interests from your personal estate planning. It provides succession planning for your business, protects business assets, and ensures continuity if something happens to you.
Best For
- Business owners
- Those planning business succession
- Entrepreneurs with valuable businesses
- Family businesses
Key Features
- ✓ Business succession planning
- ✓ Separate business from personal assets
- ✓ Continuity provisions
- ✓ Key person planning
- ✓ Buy-sell agreement integration
- ✓ Management succession
- ✓ Employee considerations
Considerations
- Should coordinate with business entity documents
- May require business valuation
- Complex ownership transitions
- Tax implications of transfers