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Business Succession Planning
How Does the Recent Supreme Court Ruling in Connelly Impact Business Owners?
Jul 18 2024
Understand these changes to avoid higher estate taxes for your business. If you’re running a family-owned business, you likely have a plan in place for what happens when one of the owners passes away. Many of these plans involve life …
Posted in Business Succession Planning
Three Essential Steps to Business Succession Planning: Step 1
Nov 15 2021
What is business succession planning? If you have been actively involved throughout your career in building your business and overseeing its continued success, thinking about retirement can call for answers to difficult questions. Your situation may involve a child who …
Three Essential Steps to Business Succession Planning: Step 2
Nov 15 2021
There are three essential steps to developing a business succession plan. Define your long-term personal and business goals. Develop a management plan for the business. Design an estate plan that transitions ownership of your business and meets your goals. In …
Posted in Business Succession Planning, Corporate, Legal Watch
Three Essential Steps to Business Succession Planning: Step 3
Nov 01 2021
There are three essential steps to developing a business succession plan. Define your long-term personal and business goals. Develop a management plan for the business. Design an estate plan to transition ownership of the business. In this article, we look …
Posted in Business Succession Planning, Corporate, Legal Watch
Estate Planning Now Must Include Digital Assets
Jan 03 2019
Chuck Hadad Discusses Estate Planning in Butler Business Matters Article Kyle Knapp keeps a little cha-ching in his cyber wallets, specifically, minimum balances of the digital currency Bitcoin and Ethereum. While many Butler area business people might not have jumped – …
It’s Official…Federal Tax Reform!
Dec 27 2017
Wondering How Tax Reform Will Affect You or Your Business? Tax reform is here. President Trump signed the “Tax Cuts and Jobs Act” into law on December 22, 2017. The new law will affect millions of Americans in one way …
Employee Stock Ownership Plans: The Overlooked Business Owner Exit Strategy
Feb 10 2017
Employee Stock Ownership Plans, or ESOPs for short, are gaining momentum as “baby boomers”, who are turning age 65 at a rate of 10,000 per day for nearly the next two decades, look to retire. Many owners are looking to transfer …
Posted in Business Succession Planning, Legal Watch
Valuation Discounts for Family Owned Businesses
Nov 09 2016
Proposed Treasury Regulations May Bring Sweeping Changes to Valuation Rules If you own a family business and are considering transferring interests in your business to other family members through a succession plan, it’s important to gain a thorough understanding of …