By: Martin M. Shenkman, CPA, MBA, JD

A legal contract permitting one party to use property owned by another, usually for the payment of periodic rent. A common use of partnerships, LLCs, and other arrangements, is to segregate valuable business assets (patent, trademark, real estate, equipment) in a separate entity, gift the interests in that entity to your heirs and have them lease (or license) the right to use the property back to the business.

Our Consumer Webcasts and Blogs

Subscribe to our email list to receive information on consumer webcasts and blogs, for practical legal information in simple English, delivered to your inbox. For more professional driven information, please visit Shenkman Law to subscribe.

Ad Space