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The New Rules of Wealth Transfer: Planning for Growth Under OBBBA
Most entrepreneurs think about taxes only at two moments: when they make money and when they sell. But for business owners and investors whose enterprises continue to grow, the largest tax bill of all often arrives later, at death. Estate planning...
Compliance Counts: When Simple Tax Missteps Derail Sophisticated Plans
In tax planning, precision and creativity can yield enormous benefits—but only if compliance is executed flawlessly. Many “seemingly small” compliance failures—such as missed elections, overlooked disclosures, or incomplete forms—can unravel...
Refinancing Your Commercial Loan With Confidence: Practical Guidance to Unlock Better Terms for Your Business
Introduction Shields Legal’s banking and finance team routinely supports businesses in finding new lenders and securing better loan terms. This process starts with determining a company’s financial goals, evaluating the company’s current financing...
From Wealth to Well-Being: Rethinking What “Family Wealth” Really Means
Most families focus on how to build wealth. Far fewer think carefully about how to keep it—or what it really means to begin with. For generations, wealth creators have shared the same dream: to provide security and opportunity for their children....
Bridging Continents: Reflections from the DFW India Chamber of Commerce Banquet
I and others from Shields Legal recently had the privilege of attending the DFW India Chamber of Commerce Annual Awards Banquet—a gathering that was far more than a celebration of business excellence. It was a testament to the enduring ties between...
Choosing the Optimal Business Structure: Post-OB3 Tax Advantages of C Corporations, S Corporations, and Partnerships
This post builds on our previous analysis of Partnerships, S corporations, and Corporations (“C” corporations) following the passage of the One Big Beautiful Bill (“OB3”). Many of our business clients are currently reassessing the choice between...
Corporate Structures Regain the Advantage After OBBBA
The One Big Beautiful Bill (OBBBA/OB3) materially reshapes entity-choice dynamics for business owners. In short, it favors Corporations (C Corps), supercharges the Qualified Small Business Stock (QSBS) benefits, narrows SALT workarounds for...
2025 Texas Estate and Trust Legislative Update: What You Need to Know
The 89th Texas Legislative Session delivered a series of targeted updates to estate, trust, and guardianship law. While not revolutionary, these changes are practical, strategic, and impactful for estate planners, fiduciaries, and families...
Understanding Texas House Bill 40: Key Updates to Texas Business Court Authority
Less than a year after the Texas Business Court officially began accepting cases on September 1, 2024, the Texas legislature, through House Bill No. 40 (“HB 40”) made the first changes to the Business Court’s jurisdiction since its creation....
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