Current Developments in Estate Planning and Business Law: March 2021

By WealthCounsel Staff on Mar 12, 2021 10:00:59 AM

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From proposals for new inheritance taxes to new consumer privacy laws, we have recently seen some significant developments in estate planning and business law. To ensure that you stay abreast of these legal changes, we have highlighted some noteworthy developments and analyzed how they may impact your estate planning and business law practice.

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Representing Women-Owned Small Businesses: Help Them Achieve Success

By WealthCounsel Staff on Mar 5, 2021 10:14:54 AM

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If you have practiced business law for a decade or more, you may have experienced a noticeable shift in the demographics of your clients who own small businesses. Between 1972—the year the US Census Bureau began providing data on all woman-owned businesses—and 2019, the number of woman-owned businesses tripled. In recent years, this trend has accelerated. From 2007, the year of the Great Recession, to 2019, the number of woman-owned businesses grew by 58 percent. Forty-two percent of all businesses were woman-owned in 2019, compared to 4.6 percent in 1972. Nearly all (99.9 percent) woman-owned businesses are small businesses. Despite their growth in number and rate of success, woman-owned small businesses experience more challenges, such as less access to financing and slower growth, than businesses owned by men.

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How are LLCs Taxed?

By WealthCounsel Staff on Feb 26, 2021 10:00:00 AM

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