Recently, a former client contacted me about starting a business. The conversation started as conversations with an attorney often start "I just want something simple". So I asked, "what are you looking to do?"
We discussed the formation of the business, and all of the various complexities that are involved, and then I asked, "So what happens if you die?". Needless to say, Estate Planning should be a consideration when starting a business. It is a lifestyle change- so consider how it affects your entire life and plan for it.