Through 2045, Baby Boomers will pass down assets worth roughly $84 trillion to Gen Z, Millennials, and Gen X. What constitutes a high-net-worth (HNW) inheritance? In the United States, that number averages nearly $750,000 per inheritor, but can be much higher ..read more

How can you safeguard your hard-earned assets from the unforeseen expenses of elder care? We've got the answer ..read more

The Federal Trade Commission (FTC) has issued a sweeping new rule that fundamentally alters the landscape of noncompete agreements in the workforce. The proposed rule represents a seismic shift in the legal landscape surrounding noncompetes, particularly in terms of how existing agreements will be handled and the parameters for future agreements. Specifically, the rule stipulates that the vast majority of workers will see their current noncompetes rendered unenforceable. Existing noncompetes for senior executives—defined as individuals earning over $151,164 annually and holding policy-m ..read more

Workplace safety policies are a set of guidelines and procedures established by employers to create a safe and healthy working environment. These policies aim to prevent accidents, injuries, and occupational hazards, promoting the well-being of employees and complying with relevant safety regulations. While specific policies can vary based on the industry and jurisdiction, common elements of workplace safety policies include ..read more

An operating agreement is an agreement between the owners of a LLC (limited liability company) that sets forth the structure, management, decision-making process, and operating procedures for the business. Put another way, an operating agreement is a “How-to Guide” for how the LLC should be operated and managed ..read more

Mental illness affects one in five adults in the United States, the National Institute of Mental Health reports. The severity of mental illness varies. Serious mental illnesses are mental, behavioral, or emotional disorders that cause significant life impairment and limit major life activities. In 2021, 14.1 million American adults had a serious mental illness ..read more

When it comes to finding the best state for your business or Limited Liability Company, South Dakota stands out as the top choice for several reasons:   ..read more

The AICPA and over 50 state CPA societies have written to the Treasury secretary and the director of the Financial Crimes Enforcement Network (FinCEN) asking that enforcement of beneficial ownership information (BOI) reporting requirements be suspended until one year after court cases have been resolved ..read more

Selecting a guardian for your children is one of the most crucial decisions when crafting your estate plan ..read more

Intellectual property rights have significant implications for individuals, businesses, and society as a whole. Based on the type and the business, it is important to utilize IP rights to improve business value. Innovation and Creativity: Intellectual property rights encourage innovation and the creation of new works by rewarding creators and inventors for their efforts.  These are ways for businesses to differentiate themselves from their competitors by showing their advanced technology or making customers see them in a relatable light.   Economic Growth: Strong intellectual prop ..read more