Business Planning | Borakove Osman LLC

Protecting Family Real Estate – Options and Considerations

Posted on July 12, 2022

Whether the “family real estate” is a real estate up north, cabin on a lake, vacation home in another state, or the family hunting land, chances are it has significant value, whether that value is economic value, sentimental value, or both, and for that reason is something that everyone in the family has an...

Buy-Sell Agreements: 2 Strategies

Posted on March 22, 2017

BUY-SELL AGREEMENT MECHANICS Stock Redemption vs. Cross Purchase Stock Redemption Buy-Sell Agreement Under a redemption arrangement, your Company agrees to redeem the shares/interest of a deceased owner at his death, and the owner agrees prior to death that his estate will transfer the shares back to the Company for an agreed-upon price....

Nothing is as UNcertain as the Election and Estate Taxes

Posted on August 2, 2016

Ever since the increase of the estate tax exemption to $5 Million (indexed for inflation in year, making the estate tax exemption $5.45M in 2016), the chatter with the estate tax has simmered. For those who have forgotten about the estate tax, in simple, albeit, incomplete terms, in 2016 you may give away $5.45M to any...

IDGT: The Intentionally Defective Grantor Trust — More than an Estate Planning Tax Widget

Posted on July 2, 2013

I.D.G.T. - INTENTIONALLY DEFECTIVE GRANTOR TRUST

Conversion of Corporation to LLC???

Posted on July 19, 2012

With the increase of LLC formation of the past few years, current small and family-owned corporation owners may be asking themselves... Did I miss out on something? The classic attorney answer is, in short, it depends. The point of the post is to mention 2 key reasons to consider making the conversion. What the...

Estate and Business Planning for Family Farms

Posted on January 8, 2012

The Meaning of Farm Continuation Planning by Attorney Shayna W. Borakove, BORAKOVE | OSMAN LLC. "Attorney Borakove speaks about her personal experience with her own family's farm and how continuation is the goal of succession." Based on my own farm family, and having experienced the successful continuation of our family farm following the death...

Business Maintenance and Adequate Capitalization

Posted on October 11, 2011

Every bit of effort put towards the maintenance of your business is worth it- especially if such maintenance helps shore up the business against claims of third parties. Taking steps to incorporate (i.e., form a corporation) or organize a limited liability company in Wisconsin does not magically make a business owner's assets separate and...