There are many issues to consider upon disposition of a business. To help our clients meet their goals, we have worked with them and their other advisors to develop strategies that consider the many aspects of transferring or retaining a business, including:
- Lifetime gifting of business assets to family members to reduce the taxable estate.
- Orderly transfer of business assets to children and grandchildren upon the death of the client.
- Equalization of inheritance for children not active in the business.
- Development of an executive team capable of transitioning the business to the younger generation while they gain
valuable experience. - Improvement of buy-sell agreement terms, effectiveness
and funding. - Establishment of business structures that protect owners from liability.
- Utilization of sophisticated life insurance products and services to fund business transfer liabilities, thus protecting and fostering the company and its shareholders.
