Topic: succession planning

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 »

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 »

Small Business Summer Reading List

Start-ups and small businesses have unique needs. You know that. But you might not know everything you should about structuring your company, taxation and finance, government regulation affecting your business, and other relevant issues. For your reference, we’ve compiled a reading list of recent small business-related commentary, analysis, and guidance from lawyers and law firms… Read more »