Bakke Norman, S.C.

A trust is more than just a legal entity; it's a personalized strategy for managing, protecting, and distributing your assets according to your wishes. From avoiding probate to minimizing taxes and shielding your assets from creditors, the advantages of a well-administered trust are vast.  Secure your legacy without hassle. Contact Bakke Norman today to talk to an Estate Planning Attorney about a trust strategy to fit your unique needs. 🔗 https://lnkd.in/gpTWZiDa #BakkeNorman #BakkeMeansBusiness #Attorney #EauClaireAttorney #NorthwestWisconsin #NewRichmond #Menomonie #Baldwin #Hayward #EstatePlanning #EstatePlanningAttorney #TrustAdministration #AssetProtection

FALSE! In Wisconsin, for estates valued at $50,000 or less, the transfer by affidavit form maintained by the State Bar's Real Property, Probate, and Trust Section simplifies the process. This streamlined approach speeds up and simplifies estate planning. Wondering what else you should know about your estate plan? Visit our website at the link below and contact Bakke Norman today for expert estate planning advice. 🔗 https://lnkd.in/gpTWZiDa #BakkeNorman #BakkeMeansBusiness #Attorney #EauClaireAttorney #NorthwestWisconsin #NewRichmond #Menomonie #Baldwin #Hayward #EstatePlanning #EstatePlanningAttorney #Probate #ProbateFAQ #TrueOrFalse

Life is an unpredictable journey, but one thing you can control is the legacy you leave behind. Having the right estate planning documents in place will ensure your wishes are carried out when you’re no longer able to make decisions. Not sure where to begin with your estate plan? Use the Checklist below to help you get started. Estate Planning Checklist: • Will or Trust: Tailored solutions to reflect your wishes. • Financial Power of Attorney: Choose a trusted individual to manage your finances if needed. • Healthcare Directives: Ensure your healthcare wishes are known. • Guardian Nominations: Protect your children’s future by nominating a guardian. Ready to secure your legacy? Contact Bakke Norman Law Offices to consult with an experienced Estate Planning Attorney at the link below. 🔗 https://lnkd.in/gpTWZiDa #BakkeNorman #BakkeMeansBusiness #Attorney #EauClaireAttorney #NorthwestWisconsin #NewRichmond #Menomonie #Baldwin #Hayward #EstatePlanning #WisconsinEstatePlanning #SecureYourLegacy #WisconsinLaw

If you're planning to sell your business, one of the first things to consider is its value. The value of a business is determined by more than the bottom line and includes intangible assets, often referred to as intellectual capital. These intangible assets make up the majority of business value in small or closely held businesses and can be broken down into four categories. Human Capital: The knowledge, skills, and expertise of a company's employees and executives. Customer Capital: A diversified pool of customers and prospective customers. Structural Capital: Documentation of an organization's operations, mission, and network. Social Capital: A company's culture, brand awareness, and overall public image. Ready to start planning the sale of your business? Let an experienced business attorney guide you through the selling process, from valuation to a successful closing. Contact Bakke Norman today using the link below. 🔗 https://lnkd.in/gpTWZiDa #BakkeNorman #BakkeMeansBusiness #Attorney #EauClaireAttorney #NorthwestWisconsin #NewRichmond #Menomonie #Baldwin #Hayward #SuccessionPlanning #SellingYourBusiness #BusinessAttorney #BusinessTransaction

Selling your business in Wisconsin? Here are 3 key points to keep in mind: • Understand the Legal Implications: Familiarize yourself with your business’ internal governing documents (such as operating agreements and by-laws) and state-specific regulations of your business to ensure a straightforward sale • Get Your Business Records in Order: Having clear, organized business records can significantly speed up and simplify the due diligence and negotiation process. • Plan for the Transition: Think about how you want ownership of the business to transition and what it will take to ensure continuity for employees, customers, and other stakeholders. Ready to take the next steps in selling your business? Let’s discuss how we can make this process simple for you. Contact Bakke Norman at the link below for personalized guidance. 🔗 https://lnkd.in/gpTWZiDa #SellingABusiness #SellingYourBusiness #BusinessRealEstate #WisconsinBusiness #LegalGuidance #BakkeNorman #BakkeMeansBusiness #Attorney #EauClaireAttorney #NorthwestWisconsin #NewRichmond #Menomonie #Baldwin #Hayward

Thinking of purchasing a business in Wisconsin? Here are 3 key considerations: • Business Structure – Choose the right entity type for your business and ensure smooth operations with proper set up. • Due Diligence – Dive deep into the seller’s finances and contracts to avoid surprises. • Transition Plan – Establish a plan to transition the business from the seller and facilitate a seamless changeover. Ready to take the next step in business ownership? Our team at Bakke Norman is here to guide you through every step of the process. Contact us at the link below to learn how we can support your business goals. 🔗 https://lnkd.in/gpTWZiDa #BusinessAcquisition #WisconsinBusiness #LegalGuidance #BakkeNorman #BakkeMeansBusiness #Attorney #EauClaireAttorney #NorthwestWisconsin #NewRichmond #Menomonie #Baldwin #Hayward

If you own a business, you need to be aware of a new law, the Corporate Transparency Act. Under this law, many businesses are now required to disclose certain “beneficial ownership” information to the federal government. Here are a few things you should know about the Corporate Transparency Act: • How does my business comply with this law? Businesses must submit an initial beneficial ownership report to the federal government, which includes names, birthdates, addresses, and identification numbers (such as driver’s license numbers) for each beneficial owner. • Who is a beneficial owner? Anyone who (1) exercises substantial control over the business or (2) owns or controls at least 25% of the equity interests of the business. • What is the deadline for compliance with this law? Businesses in existence prior to January 1, 2024, have until January 1, 2025, to submit their initial report, while businesses created in 2024 have 90 days from the date of creation of their business to file the report. • What happens if my business doesn’t become compliant? Failure to comply can result in significant penalties, so it is essential that all businesses review and comply with these reporting requirements. If you have questions about the Corporate Transparency Act or its impact on your business, contact Bakke Norman at the link below. 🔗 https://lnkd.in/gpTWZiDa #BakkeNorman #BakkeMeansBusiness #Attorney #EauClaireAttorney #NorthwestWisconsin #NewRichmond #Menomonie #Baldwin #Hayward #CorporateTransparencyAct #CorporatePractices #TransparencyAct

Mergers and Acquisitions (M&A) can create pivotal moments for your business. Bakke Norman will help you maximize the opportunity. Our legal team proficiently handles: • Due Diligence: Identifying risks and opportunities to inform your decisions. • Negotiation: Tailoring terms to fit your strategic goals. • Finalizing Deals: Drafting solid agreements that protect your interests. With Bakke Norman, you're not just completing a transaction, you're setting the stage for future success. Our guidance makes the M&A process seamless, securing your interests every step of the way. Ready for a smooth M&A transaction? Click the link below to get in touch with Bakke Norman today. 🔗 https://lnkd.in/gpTWZiDa #MergersAndAcquisitions #LegalGuidance #SecureYourFuture #BakkeNorman #BakkeMeansBusiness #Attorney #EauClaireAttorney #NorthwestWisconsin #NewRichmond #Menomonie #Baldwin #Hayward

Bakke Norman Attorney, Deanne Koll, provides invaluable insights for law students in a recent contribution to the State Bar of Wisconsin. Deanne dives into the reality of legal practice, debunking myths of the high-profile lawyer lifestyle and sharing the genuine satisfaction of serving local communities, small businesses, and individuals. Click the link below to read more about Deanne's refreshing take on building a meaningful law practice and why, sometimes, the best move might lead you out of the city and into a community that genuinely values your service. 🔗 https://lnkd.in/eiwE-nwt #BakkeNorman #BakkeMeansBusiness #Attorney #EauClaireAttorney #NorthwestWisconsin #NewRichmond #Menomonie #Baldwin #Hayward #DeanneKoll #StateBarOfWisconsin

If you've decided 2024 is the year to start your business, you may be wondering, "How do I know what legal structure is best for my business?" Whether a partnership, LLC (Limited Liability Company), or corporation, it's important to consider how each type of business entity will impact things like your tax obligations, ability to seek funding, personal assets, and more. Experienced business attorneys at Bakke Norman can help you navigate the complexities and nuances of business formation. Contact us today for personalized guidance and expert legal advice! To learn more about how to choose the best legal structure for your business, click the link below. 🔗 https://lnkd.in/grm6FSFn #WisconsinBusiness #CorporationVsLLC #BusinessLaw #LegalAdvice #BakkeMeansBusiness #Attorney #BakkeNorman #EauClaireAttorney #NorthwestWisconsin #NewRichmond #Menomonie #Baldwin #Hayward