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BLOGHave you ever wondered if your Living Trust is doing what it’s supposed to do? Many people assume their estate plan is set once the documents are signed, but life’s changes require more than a one-time review. We at Cardon Law understand how important it is to...

BLOG In the world of financial planning, protecting your assets should be a primary concern. Asset protection trusts are a source of security and stability against life’s uncertainties. In this article, we will summarize and outline how Utah Domestic Asset Protection...

BLOG When a loved one is entrusted with the responsibility of caring for a family in the event of an unexpected tragedy, it’s important to make sure that the process is as smooth and secure as possible. For many immigrants in the United States, concerns about legal...

BLOG Pulling off a merger or acquisition that ends in prosperity is not a simple task to undertake. Business deals such as these require thorough planning, due diligence, and legal counsel to ensure everything goes as smoothly as possible. During this stressful and...

BLOG Developing a business from a modest start to the point where it boasts an impressive dollar value requires significant time, effort, and soul. After pouring their blood, sweat, and tears into the company, many small business owners see selling off their company...

BLOG Small businesses are the backbone of the American economy, but in Utah, they are so much more. According to U.S. Small Business Administration, over 99 percent of Utah businesses are small companies, employing almost 607,000 Utahns, or over 45 percent of workers...

BLOG Preparing for a company acquisition or a merger comes with many time-consuming challenges. In order to have a successful and stress-free sale, you’ll need an organized management team, dedicated advisors, and professional legal counsel throughout the process....

BLOG When businesses join together to effectively use their resources and connections, they enter into what is known as a merger. While there are many benefits to company mergers, individuals within the companies may have questions regarding how this new shift will...

BLOG Making the decision to sell your business can be stressful as you try to choose the best options that will benefit you the most. When choosing to sell your business to an unrelated third-party, one option you should consider is an “Incomplete-Gift Non-Grantor...

BLOG Asset sales are business transactions where a buyer purchases some or all of the assets from a company, but the company itself does not change hands. A business’s assets include anything of value owned by the company. Some examples of these assets include real...

BLOG The Qualified Small Business Stock, also known as Section 1202, is a part of the Internal Revenue Code (IRC) that allows capital gains from qualified small businesses to be exempt from federal taxes. There are a few limitations, one being that the exemption only...

BLOG After the passing of a loved one, money is probably the last thing on your mind. However, when it comes to inheriting money from a deceased family member, it is important that you understand what portion of that money is subject to federal or state taxes....

BLOG Whether you are a real estate investor or business owner, if you have assets, they are worth protecting. You owe it to yourself and your beneficiaries to implement an asset protection plan that will safeguard your assets in the event that something goes wrong....

BLOG Starting or expanding a business is an exciting journey filled with countless decisions, but perhaps one of the most crucial choices entrepreneurs face is selecting the right business structure, such as "Which Business Structure is Best for Tax Purposes." Your...

BLOG On January 1, 2021, Congress enacted the Corporate Transparency Act (CTA). As the CTA’s reporting mandate–which begins on January 1, 2024–gets closer, business owners need to be aware of this new law and the broad, ongoing implications it will have for their...

BLOGBusiness Structure Starting a brand-new business can be both exciting and challenging. One of the decisions an entrepreneur ought to make is choosing the right business structure. This decision not only can impact your tax obligations. But it can also influence...

BLOG Trust Naming 101: Understanding the Language Behind Trust Agreements Trust agreements and the language behind trust naming can be difficult to comprehend. There are both legal and practical reasons for the trust to be named and referenced as it is. Have you ever...

BLOG The Corporate Transparency Act (CTA) has been an enormous piece of legislation geared toward enhancing transparency in corporate ownership and combating financial crimes inside the United States. However, a latest selection by the US District Court for the...

BLOG After 15 years working with clients in estate planning, I’ve realized that many people view estate planning as overwhelming or confusing. And this is pretty understandable: it’s not exactly a common topic at birthday parties. (I mean, it wouldn’t be too nice to...

BLOG Estate planning may seem overwhelming, but this process can help you secure your legacy and provide for your loved ones. In Utah, estate planning involves making decisions about your assets, healthcare preferences, and the future of your estate. This beginner's...

BLOGA company’s long-term success often depends on consistent growth and profitability increases throughout the year. While there may be many strategies for growing businesses, various companies choose business acquisition as their primary approach for their market...