Planning for Their Exit: Advising Business Owners on an Exit in a Heightened Interest Rate Environment

By WealthCounsel Staff on May 31, 2024 10:00:00 AM

Planning for Their Exit-Blog

By Donald P. DiCarlo Jr. and Matthew T. Lee

Much has been written recently about rising interest rates and the impact it can have on various wealth and tax planning strategies. For the closely held business owner who is interested in selling their business—which is often their most valuable and prized asset—it is important for advisors to understand how interest rates might affect the exit plan.

Continue Reading

Clearing the Smoke: Navigating Conflicts in Federal and State Marijuana Laws

By WealthCounsel Staff on Mar 31, 2023 11:00:00 AM

Clearing The Smoke-Blog-V1

Last month, the Washington State Senate approved Bill 5123, prohibiting a business from refusing to hire a worker due to a positive drug test that screens for nonpsychoactive cannabis metabolites. If it is signed, Washington, which has legalized the recreational use of marijuana, will join a handful of other states that have enacted similar legislation prohibiting adverse employment action for workers’ off-duty marijuana use. Although marijuana is illegal under federal law, an increasing number of states are decriminalizing marijuana use for medicinal and recreational purposes. As a result, workplace policies may need to be adjusted.

Continue Reading

New Federal Reporting Requirements for Business Entities: Are Your Clients Ready?

By WealthCounsel Staff on Mar 24, 2023 10:00:00 AM

Federal Reporting-Blog V1

Starting January 1, 2024, millions of small businesses that form after that date will be required to report identifying information about their beneficial owners and company applicants to the federal government under the Corporate Transparency Act (CTA). The following year, businesses that formed before January 1, 2024, will also be required to meet the CTA’s reporting requirements. 

Continue Reading
  • There are no suggestions because the search field is empty.