Succession Planning

Another great reason to use an LLC is for succession planning.

Simply put, I could own 100 different assets that I use to operate my business (desks, computers, equipment, buildings, etc.). What if I’m affected by death, disability or divorce? It’s going to be a nightmare trying to equitably divide those 100 assets. However, if those assets are inside an LLC, then all I have to worry about is dispersing shares of the LLC, which can even be fractional. Life-changing events are, by nature, disrupting and sometimes unpleasant. You might be able to take some of the rupture out of that disruption by using an LLC to strategically protect or guide your assets on terms you make instead of someone else’s terms.

Whether its tax savings, liability protection or succession planning; we have just touched on all the great things we can do with LLC’s. If you want to find out if your business structure is the most efficient for you then give us a call.



It's time to make your numbers mean something to you.


Trevor has been such an asset to my business. He is always thinking long term and setting my business up for growth and to achieve my goals. As a small business owner it's great to have the ability to outsource my accounting to someone I trust and who always has my best interests at heart. 


Julie's Eats & Treats

Meeting with Trevor provided clarity for us in determining our next steps for growing our business.  His ability to help us remove the emotions and look at the data, gave us an organized, goal oriented plan of action.  Trevor's calm, supportive demeanor made us feel capable and ready to take our next steps. 

Cate & Tony

Empowered Living Company

We came to the firm for typical business accounting and tax service.  We went through an audit and we were so thankful for the records the firm kept over the years, but most surprising to us was how much Trevor cared about us and seeing our business succeed.  He consulted us as if our business was his own.  It is apparent to us the value Trevor's advisory services has for our business.  He has come right alongside us in strategy and planning with a true care to see us and our business succeed.  He brings a valuable financial and tax critical thinking skill set that has had a direct result in the growth of our business.

Ashley & Noelle

Legend Hockey Elite

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Morris Office
303 Atlantic Av.
Morris, MN 56267
P: 320.589.4300
F: 320.589.4308

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233 East Second Av.
Milbank, SD 57252
P: 605.924.1849

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