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February 2017 Archives

Basketball team owner places franchise in dynasty trust

Basketball enthusiasts in Moorestown keep track of their favorite teams, whether they have season tickets to games or whether they are watching the game in their living room with a snack and beer. Therefore, they may be interested to hear that the owner of the Utah Jazz has transferred both the basketball team and the arena where the team plays into a dynasty trust. Back in 1985, the owner and her late husband purchased the franchise. At the time, the purchase cost them $26 million.

Merger between insurance giants struck down by judge

Health insurance is a necessity today. Considering the high cost of health care, many in New Jersey are thankful they have insurance policies that cover some, if not all, of the costs they incur when they visit the doctor or hospital. Therefore, they may be interested to hear that a federal judge blocked the pending merger between health insurance giants, Anthem and Cigna.

Retaining culture and control can be key in business sales

The craft beer scene has taken off in recent years, with many small, privately-owned breweries experiencing great success. Many people in Moorestown who enjoy a locally-made port, stout or pale ale can attest that their favorite breweries offer products not found in larger commercial operations. However, the time may come when the founder of a craft brewery may consider selling to a larger company. They may wonder, is selling their company a wise business move, or are they simply "selling out?"

Late musician Prince's estate suffering of no trust

Residents of Moorestown may remember the late music legand Prince for his Grammy award-winning songs. However, Prince's estate is suffering a significant loss due to his lack of estate planning. The rockstar's estate is going through the probate process, and it must pay estate taxes to the tune of approximately $100,000, accounting for about half of Prince's $200 million estate.

What are some advantages and disadvantages to an S-corporation?

Small business owners in Moorestown have a variety of ways they can form their business. Those who might want to incorporate may be more interested in a S-corporation, rather than the standard C-corporation. But, is this type of business formation right for everyone?

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