The question often arises as to whether the family company, a corporation, LLC, or limited partnership, should be owned by the parent’s living trust. Owned by the trust probably isn’t a good way of phrasing the statement. The company is owned by whoever owns the stock. (In an LLC there are “membership interests” and in a partnership, there are “partnership interests” – both general partners and limited partners.) The parent’s interests should be owned by their ...
Continue Reading →
2
JUN
JUN
0
Share
A lot of my students have questions along the following lines:
I’m an attorney, not an economist, but the economy is top on my radar screen. This is a time to divide and conquer, if it is possible to survive. I have talked to some of the “big time” economists. In fact, I hosted a dinner last night ...