Entrepreneurship is the "process of starting, developing
and operating a new business venture and sourcing and organizing
the required resources while assuming both the risks and rewards
associated with the venture." While entrepreneurship has been
the pathway to success for many, it can be a challenge in the
present economy. In order to properly prepare for going into business,
it is necessary to take the proper legal and financial steps leading
- surviving family members and loved ones need to be cared for
and provided for;
- property and financial accounts need to be managed;
- bills have to be paid and/or accounts must be closed;
- tax returns must be prepared and taxes paid;
- sometimes a business needs to continue to be run, and
- the estate must be distributed. There can be many responsibilities
left undone by the deceased. Hopefully the deceased already
has plans in place to deal with many or all of such issues.
If so, the burden on survivors is less than without plans in
place. Either way, there is a substantial amount of work to
be done in order to wrap up business.
This process oftentimes requires the assistance
of legal, financial and tax professionals. The law firm of Charles
E. Longtine, P.C. is experienced in assisting individuals and
families facing these matters and walking them through administration
of estates (probate) and/or trusts.
Call us at 303-429-0419 to
talk with an attorney or schedule an appointment!