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Importance of Preparing for Business and Personal Relationship Challenges: The video emphasizes the necessity for business owners to consider the potential impact of personal relationships, particularly marriage, on their businesses. It stresses the importance of proactive planning to protect business interests in the event of divorce.
Role of Prenuptial Agreements in Business Protection: Prenuptial agreements are highlighted as a crucial tool for safeguarding family businesses. The video discusses the legal intricacies involved in determining marital versus separate property, underscoring the need for clear documentation and disclosure within prenuptial agreements to protect business assets.
Legal Considerations and Best Practices: Legal counsel and thorough disclosure are emphasized as key factors in drafting effective prenuptial agreements. The video provides insights into various legal considerations, such as state-specific laws, timing of agreements, and flexibility in addressing changing circumstances, to ensure comprehensive protection for family businesses.
About Homrich Berg
One of the 50 largest registered investment adviser (RIA) firms in the country based on assets under management, HB was a pioneer when we founded our firm in 1989 with a focus on serving clients with a fiduciary approach. We have grown to serve clients in over 48 states from our home base in metro Atlanta and now have 43 principals and more than 180 employees.
We have kept our core values constant and kept our focus on our clients even as we have continued to be a pioneer in using technology and expertise to find new ways to provide great service to our clients. A key part of our success is attracting great people who enjoy our culture and our approach. We have received many awards over the years, but we are most proud of our 98%+ client retention rate*. Community is important to HB, as we give our time and resources to help make a difference. To learn more about HB, visit https://homrichberg.com .
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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That’s why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates , possible elimination of valuation discounts, increase in capital gains tax , enactment of a wealth tax , and the continued burden of the gift tax , estate tax and generation skipping tax .
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
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