Short answer: For most private companies, a change of ownership is a contract and tax question. For a federal contractor, it is also a regulatory one. Depending on
Short answer: A grantor retained annuity trust (GRAT) is an irrevocable trust. You transfer assets to it, often an interest in your company, and keep the right to
Sunbiz filing forms your Florida LLC, but operating agreement and buyout rules decide what happens when a co-owner dies, divorces, or leaves. A practical guide for Central Florida owners.
A business owner can be alive but unable to act. Incapacity planning should address who can exercise ownership rights, who can manage the company, how personal authority interacts with company governance, and how the business continues operating.
A business owner’s succession plan has to answer more than who inherits the ownership interest. Control, management, buy-sell terms, liquidity, estate planning, and the transition period all have to work together.
Owning 20%, 49%, or even 50% of a Florida company does not necessarily tell you who controls it. Voting rights, management authority, transfer restrictions, and governing documents determine what ownership actually means.
A spouse, child, or trusted relative does not automatically have authority to manage another adult’s financial affairs. A Florida durable power of attorney can become a critical part of an incapacity plan—but what the document actually authorizes matters.
