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From a legal perspective, business planning includes entity formation, operation, and succession planning.


Formation planning includes minimize taxation, asset protection planning,  as well as creating a structure that facilitates the management style of the owner or owners.  Operation planning includes buy-sell agreements, corporate or limited liability company minutes, as well as business contracts with third parties.  Continuation planning involves structuring the business so that it may be sold to a third party or transferred through the estate planning process to the next generation.











Choice of Entity Analysis: