Category Archives: Business Succession

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Estate Planning for Vacation Rental Property Owners

Estate Planning for Vacation Rental Property Owners

In all parts of the country, services such as Airbnb have grown in popularity over the past few years including the beach resort areas of Hampton Roads.

Indeed, these alternatives to hotel stays are popular among homeowners and vacationers alike. If you have a home or other rental property that is generating income, you should understand...
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Business, Business Planning, Business Succession, Estate Planning & Administration, Real Estate
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Can Your Business Survive the Loss of a Key Person?

Can Your Business Survive the Loss of a Key Person?

Maybe you’ve protected your business with general liability coverage, property insurance, commercial automobile coverage, and workers’ compensation insurance.

But for some businesses, operations would come to a grinding halt without certain essential contributors—key persons as we call them. If your business includes any key persons then key-person insurance should be a part of your business insurance...
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Business, Business Planning, Business Succession
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Transferring LLC Membership Interests Part 3

Transferring LLC Membership Interests Part 3

Part 3—Involuntary Transfers

In the third part of our three-part LLC Membership series, we're discussing involuntary transfers. To get caught up you can read our previous blogs on LLC Membership Overview and Voluntary Transfers. An involuntary transfer of an LLC membership interest is just that—a transfer prompted by a creditor action or the occurrence of...
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Business, Business Planning, Business Succession
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Transferring LLC Membership Interests Part 2

Transferring LLC Membership Interests Part 2

Part 2: Voluntary Transfers

In this 3-part blog series, we’re discussing a variety of aspects to consider when transferring membership interests in an LLC. Check out our overview blog on this topic before reading on about voluntary transfers. An LLC affords its members a certain amount of personal asset protection. Part of this protection hinges on...
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Business, Business Planning, Business Succession
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