Why Owning an LLC in Your Own Name May Be a Big Mistake
September 10, 2018 - Posted by: Matthew T. Kincaid - In category: Business Organization, Kansas LLCs - 3 comments
Business interests are probate assets. You read that correctly—the lengthy, expensive, contentious, publicly available probate process may involve your limited liability company’s membership interest or corporation’s shares in the event of a major accident or death. Even some of the most sophisticated business owners do not realize this, resulting in a potentially dangerous planning gap. […]