Posts by Michael Koberlein
Real Estate Developers: Considered Estate Planning?
Real Estate Developers: Estate Planning or Integrated Planning in Real Estate Development Land Developers and Real Estate Developers have to plan a lot, but how often do they consider estate planning in their business plan? At Durfee Law Group, estate planning for our clients often includes business and tax planning. These items all together make…
Read MoreOPPORTUNITY ZONES DURING COVID-19
What Are Opportunity Zones? Opportunity Zones (OZ) are part of the 2017 Tax Cuts and Jobs Act. Congress introduced Opportunity Zones as an innovative approach to spark long-term private investments in low-income communities. They used tax relief as an incentive for individuals to invest capital gains income. Relief comes in the form of deferral, reduction,…
Read MoreWhat Is a Buy-Sell Agreement?
What Is a Buy-Sell Agreement What is a buy-sell agreement? A buy-sell agreement allows for the mandatory purchase of an owner’s interest in the business. Purchasers may include shareholders and/or the business itself. The 5 D’s The events that trigger a buy-sell agreement include the 5 D’s: 1) Death 2) Disability 3) Disagreement 3) Divorce…
Read MoreWHAT’S YOUR LEGACY?
What Legacy Will You Leave When You’re Gone? When you think about the legacy you’ll leave, what comes to mind? When you’re no longer on this earth, what kind of impact will you have on your Family? Community? Perhaps it’s security for your family or a monetary contribution to your community. It could also…
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