Pass down your business to your family
When handing over your business to your family, you want the process to go as smoothly as possible. To handle this process correctly, Peter, your business succession planning attorney will:
- Meet with you to understand your goals and the structure of your business
- Discuss any specific concerns or preferences you have about succession
- Review your business, including its financial health and key personnel
- Draft an agreement that specifies how ownership will be transferred
- Provide guidance regarding the tax implications of succession
Have a question about succession? For more information on business succession planning, speak with Peter Roth now.