Glossary Terms

A | B | C | D | E | F | G | H | I | L | M | N | O | P | Q | R | S | T | U | V
Indemnification

The act of holding another party harmless for any claims that are brought against that party.

Integrated Estate Planning

A comprehensive asset protection plan that involves estate planning, domestic and international trusts, and multiple-entity strategies. LLCs are commonly used in estate planning.

IRS Form 1023

A form required by IRS to apply for tax-exempt status.

IRS Form 1040

A form required by IRS to file annual income tax return for individuals.

IRS Form 1065

A form required by IRS to file annual income tax return for partnerships.

IRS Form SS-4

A form required by IRS to apply for a Federal Tax Identification Number.

 

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