Archive for Family
Recommended Reading on the Health Care Crisis
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The current health care debate that is being engaged in across the country is so important because it impacts every person and every business in important ways. While I am generally conservative in my political leanings (with libertarian smatterings – and even an occasional liberal thought), I won’t be using this blog to further any political purposes, other than to support free enterprise.
Nevertheless, I thought I would share one of the most intelligently written and carefully thought-out pieces that I have read on the state of health care in the United States. Everybody seems to agree that the system is broken, but there are disagreements about “what” is actually broken, and how to fix it. The article, How American Health Care Killed My Father, written by David Goldhill and published in the September issue of The Atlantic, makes a powerful statement about the real problems in our nations health care system, and proposes a unique solution that nobody in Washington D.C. is discussing.
No matter what position you find yourself taking in the current political debate, Goldhill will assuredly challenge your assumptions and make you re-think your position. I know it had that impact on me.
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Anna Nicole Smith: A legacy of not planning for the future
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There is an Associated Press article on Law.com about the mess that Anna Nicole Smith left behind for her estate. In addition to the paternity suits, DNA tests and jurisdictional wars between the Bahamas and the U.S., there is also the highly personal tragedy of an infant daughter who will never know her mother. This tragedy, and the uniqueness of Smith’s life underscores the need for proper and up-to-date estate planning.
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The Problem with Series LLCs The new, Series LLC abandons the comforts of asset protection precedent, and introduces a new, completely untried and untested concept into which uninformed promoters and unwary business owners are stumbling. The Series LLC is an exciting new development in business entity law that is currently getting a lot of attention......
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The Lost Art of Giving Thanks
Posted by: | CommentsMy appreciation for the Thanksgiving holiday has matured over the years. There was a time when all Thanksgiving really meant to me was a great meal by my grandmother that inevitably turned into an eating contest with my younger brothers, followed by a football game on TV as we lay on the floor, writhing in the bloated discomfort of our engorgement. Then we had pie.
I find myself a lot more contemplative these days about Thanksgiving. It really isn’t about the turkey dinner or the football game anymore. And, while my thoughts during Thanksgiving – and the entire holiday season, for that matter – turn increasingly toward my family, I am also reminded that sincere expressions of gratitude are a tremendous source of both internal and external power in business settings as well.
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We Believe in Entrepreneurism Zogby Interactive conducted an interesting poll of Americans to see where the nation is placing its faith in a better future. "Who will lead us to a better future?" Here are the results: 63% - Small business and entrepreneurs 52% - Science and technology leaders 38% - Family and friends...... -
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Family LLCs: Sharing the Wealth
Posted by: | CommentsFor years promoters have touted the use of Family Limited Partnerships (FLP) as a tool for owning and protecting assets and providing a mechanism for passing them on to the next generation. The FLP has been used so frequently that it could lead one to the impression that the FLP is a separate kind of entity. It isn’t. It is simply a Limited Partnership used for family purposes. Similarly, the LLC is becoming used for family purposes, which has coined the usage of the Family LLC.
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Husband & Wife Ownership of LLCs in Community Property States
Posted by: | CommentsI am frequently asked about the impact of a husband and wife owning the membership interest in an LLC in a community property state. It is and interesting issue that is unresolved in many respects.
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Anna Nicole Smith: A legacy of not planning for the future There is an Associated Press article on Law.com about the mess that Anna Nicole Smith left behind for her estate. In addition to the paternity suits, DNA tests and jurisdictional wars between the Bahamas and the U.S., there is also the highly personal tragedy of an infant daughter who......
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