70% of family-owned businesses fail to survive the transfer to the next generation. Without proper planning and open discussions about aging, death, and finances, businesses often face estate taxes, family conflicts, or both.
We’ll help you ensure your hard-earned business supports future generations, and will assist you to clarify and formalize your succession plans in the best possible way.
Inherited assets, such as family businesses, may cause emotional stress in the family. To avoid disputes, discuss potential fairness issues in advance so your family understands and supports your decisions.
They may not realize the financial challenges of inheriting a business or the considerations between management and ownership.
Reach out to us for succession planning services to evaluate your business’s value, understand tax consequences, and plan for retirement.
