Key Takeaways:

LLCs are the business entity of choice for most for several reasons, including:

· The formalities and management of LLCs are straightforward;

· LLCs allow pass-through taxation;

· LLCs limit personal liability; and,

· LLCs offer personal asset protection.

An estate plan directs what happens to your stuff and who is in charge if you are disabled or when you die. Planning for your death or disability is difficult; however, your family will appreciate your effort, eventually. Ultimately, estate plans ensure – to the largest degree possible - that your house is in order and that your loved ones will celebrate over your life instead of arguing about your stuff.

As our clients gear up to reopen in Kentucky, we are getting requests for waivers from some of our clients to shift the risk from our clients to consumers. In theory, this works well, but because of Miller v. House of Boom, a Kentucky Supreme Court Case from June 2019, pre-injury liability waivers on signed by parents on behalf of children are unenforceable.