I wonder if anyone else here has gone through this. Like many of us here, my business is a single member LLC owned completely by me. If I get hit by a bus or put a nail through my own brain, I’d want my wife to be able to sell the business, my tools, etc. My existing will leaves all my possessions to her, but I wonder if that includes ownership of the business and if I need special language to allow her to have access to business bank accounts, etc.
I’ll get to a lawyer sooner or later, but has anyone here set up some arrangement for themselves and can enlighten me? Is an LLC different from a corporation? Are there big differences among states?