Business Entities
Discover how different business entities affect your estate planning. Learn about LLCs, corporations, partnerships and their impact on trusts and inheritance.
Do I need to change my estate plan if I own a business?
Business ownership often requires updating your estate plan to address how your business interest transfers at death. Different entity types like LLCs, partnerships, and corporations have varying transfer restrictions and tax implications. Your trust may need specific provisions for business assets, and you might need buy-sell agreements with business partners. The complexity depends on your ownership percentage, the entity structure, and whether you want the business to continue operating after your death.
