Topic: Family Business

5 Tips for Building Success into Your Business Succession Plan

“In order to design and implement a successful business succession plan one must cover a wide variety of specialties, not only including accounting and legal expertise, but also investment banking advice, valuation estimates, family business assistance (to deal with family tensions and conflicts), and, last but not least, insurance matters.” (Burr & Forman) Whether you’re… Read more »

Small Business Taxes: Five Ways to Prepare for Taxmageddon

The end of year is coming, and – if our representatives in Washington continue their shenanigans and political posturing at the edge of the fiscal cliff – it will bring major changes to small business tax laws. As a business owner what can you to protect your interests? Here are five considerations: 1. Convert your… Read more »

Passing the Torch: How to Plan a Successful Transition of Your Family-Owned Businesses

A key challenge facing many entrepreneurs and small business owners – sooner or later – has nothing to do with running the shop. It’s handing the business off to the next generation. But structuring a transition that will ensure the survival of the company (and the family!) doesn’t happen on its own. For your reference,… Read more »