Most people do not want to talk about what will happen when they die, but if you own a business, whether as a sole proprietor, member of a partnership, or have an interest in a limited liability company (LLC), you need to plan for this event to protect your business and your heirs. At Springer & Lyle, we help you through the planning process to be sure your wishes are expressed and carried out after you are gone. Sole Proprietorship If your business is a sole proprietorship, the business will terminate upon your death and your business assets will become part of your estate. They … [Read more...]