Summer 2018                                                                                                               Like us on Facebook Follow us on Twitter View our profile on LinkedIn
Dear Friends, 
As we enter the first days of summer, you may consider taking your more entrepreneurial child's lead and starting your own lemonade stand or grass cutting business. Before you do, add these brief articles to your summer reading list and learn Virginia's many options for starting a new business and the pros and cons of each.
This knowledge is a must for anyone aspiring to be a lemonade tycoon, or just anyone who wants to learn more about Virginia business entities (including its newest option: The Virginia Business Trust).
So grab an ice cold drink, kick back, and read on.
As always, we are here to help.
Happy reading!

Listen to us on Raising the Bar!

We've recently been interviewed by Raising the Bar Law Talk Radio Show! We've answered listener's questions all about Estate Planning and Trust & Estate Administration.   

Click  here to listen to Jeremy Pryor's interview or
click  here to listen to Bennie Wall's interview!

The Choice of Business Entities

So you are starting a new business and wondering: What choice of business entity is right for me? How do I choose among the Virginia business entities? Which business entity will best suit my needs?

You may have heard a lot about the benefits LLCs (Limited Liability Companies), C Corporations, and S Corporations. You may have even heard the perils of sole proprietorships and general partnerships. When choosing which Virginia business entity is right for your business, knowledge is power. So, we have provided you a general outline of the many choices of business entities in Virginia.

Estate Planning Seminars

We offer free educational seminars on the importance of estate planning throughout the month. We'd love to see your friends and family there! 

Do you belong to a community organization that would benefit from the same presentation? Contact us today!
The Virginia Business Trust

The Virginia business trust is the newest choice of business entity available in Virginia. This article will explore this specific business entity and outline some of its major perks over the ever familiar limited liability company, which is why we are confident that the Virginia business trust will grow in popularity as Virginia's business entity of choice for real estate investors, rental property owners, and some business owners.





Are you struggling with whom to name as your Successor Trustee?

Perhaps you're concerned about whether any of your family members can handle all of the duties and responsibilities of administering your trust when you die. Or, perhaps you want to lift this burden from their shoulders altogether. 

Legacy Fiduciary Services, PLC (LFS) may be the solution. LFS was established by Carrell Blanton Ferris & Associates, PLC to serve as trustee of trusts created and governed pursuant to the laws of Virginia. LFS attorneys are experienced fiduciaries who are dedicated to ensuring that your careful planning will be implemented. We make it our job to stay current with changing trust laws and regulations, and will work closely with your financial advisor to help ensure that the needs of your loved ones will be met after your passing. For more information click here .
Please note: LFS does not manage the investment of trust assets but works with your financial advisor, who continues to manage your assets while we administer your trust. 


We would like to acknowledge Advisors Forum and WealthCounsel, LLC for their contribution to material included in this newsletter.  The contents of this publication are for informational purposes only. Neither this publication nor the lawyers who authored it are rendering legal or other professional advice or opinions on specific facts or matters, nor does the distribution of this publication to any person constitute the establishment of an attorney-client relationship. Carrell Blanton Ferris & Associates, PLC assumes no liability in connection with the use of this publication.
© Carrell Blanton Ferris & Associates, PLC



U.S. Treasury Department Regulations require that we advise you that unless otherwise expressly indicated, any federal tax advice contained herein is not intended or written to be used, and may not be used, for the purpose of (i) avoiding tax related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any tax related matters addressed herein.


Carrell Blanton Ferris & Associates, PLC