Under the current federal transfer tax system, there is a 40% tax on estates of individuals dying with more than $5.49 million in assets. Gifts made during lifetime are added to transfers at death for purposes of calculating the $5.49 million limit. (With proper planning, the limit is doubled for married couples.) Transfers greater than […]
A “zebra company” is one whose business model strives for both purpose and profit. We’re thrilled when we have an opportunity to help zebra companies develop the legal structure they need to have a dual-impact mission. And we are proud to be a zebra company ourselves, dazzling* brightly with the other zebra companies we know. At […]
Benefit companies now enjoy a new tax advantage over traditional corporate entity types. In October 2016, the IRS announced that benefit companies’ advertising expenses are deductible as a business expense, even when the payment is made to a nonprofit organization.[1] In 31 states, businesses have the option to incorporate a business as a “benefit company.” […]
Catalyst Law is rooted in community and committed to creative problem-solving – it’s why we founded the firm with an emphasis in social enterprise law. As our way of giving back, we are proud & thrilled to announce the launch of our new nonprofit affiliate and a social enterprise venture of our own, The Commons Law Center.
We started Catalyst, in part, to experiment with innovations in law practice. We want to practice law in ways that are better for clients and better for the lawyers serving them. In that spirit, as of January 1, 2017, we are stopping the billable hour clock and transitioning to fixed-fee billing arrangements for most estate […]
To help more families have the peace of mind that comes with having a family legal plan in place, we’re offering a sliding-scale, flat-fee group estate planning process for qualified clients. You can develop a plan in as little as ten hours over ten weeks, including a will, guardianship for your children, trust, healthcare directives, […]
On July 14th, 2016, join us for an opportunity to learn what’s possible and within reach for your family legal planning.
Many clients come to us with a business idea or a blossoming enterprise, coupled with a desire to do good – not just good business, but a desire to create or promote a positive social impact. These clients often start by asking how to structure the business entity.
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Common Reason #3: I do not have enough time or enough money to hire an estate planning lawyer. Q: How much do you pay your financial planner on an annual basis? A: You either pay by the hour, or you pay at least 1% annually based on your total assets under management. For example, if […]