If you’re a small business owner you probably don’t have the time to worry about investing or protecting your money for generations to come but it doesn’t have to be a big drain on your time. You need to look at it from an investing standpoint. You simply hire an Amarillo business attorney to handle the investment advice with the business’ money so that your profits can stay within the business and grow at a lower tax rate than they would if it was growing as a personal account. A good business attorney can help direct where you put the profits from your business while protecting the money from things like taxes. There are other benefits from using a business lawyer as well such as getting advice on moves you may be considering for the business before you get yourself deep in to any situation.
The other side of the coin is how you protect the wealth you have built over the years from owning a business. That is where you would consult with an Amarillo estate planning attorney. An estate planning attorney will help you preserve the wealth you have so carefully built up over the years. They will customize your estate plan to suit your needs and fit your exact situation. Everyone’s situation is different and most business owners will need something more than just a will and some sort of simple trust set up. This of course depends on the amount of wealth you are trying to protect as well as your plans for the future, family situations and many other factors that go in to estate planning.
By combining the expertise of a qualified business accountant and business attorney you can really keep your focus on wealth creation using your business as the vehicle to get to where you want to go. Finishing off the plan with the guidance of an estate planning attorney will help ensure that you retain that wealth even after you are no longer around to manage it. As small business owners we tend to do everything ourselves but unless you have the proper expertise or experience or even the time to spend on these areas of business and wealth control you should spend the money to keep the right kind of advisors working for you. If you are successful with your business, chances are you didn’t get there without understanding the kinds of activities that you should be doing and the things that you should pay someone else to do. Hiring a business lawyer and an estate planning attorney are the same thing. The things they will do for you are not something that you should be doing on your own and definitely not something that you want to avoid to save a few pennies. Remember the saying Penny wise, Pound foolish when you think you don’t need to hire experts to handle these areas of your business and life.
On another note, if you find yourself in the middle of a divorce that involves a child custody battle, you should check with Crossattorney.com for representation with an Amarillo child custody attorney to help you through this tough emotional time.