New regulations on time off under the federal Family and Medical Leave Act are complex . . . Many business people with firms organized as general or limited partnerships, or as S-corporations, decided to convert to the LLC form . . . Do a little planning. Follow your fancies. Talk to a lawyer or bank trust officer about a trust.
Trusts are a simple idea.
One person, the trustee,owns property. That property, however, is used for the benefit of someone else, the beneficiary. Trusts do a couple of important things for small business people. . .