Do you have a buy-sell agreement for your company? If so, is it properly funded? Here’s why life insurance is a popular choice.
succession planning
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Family business focus: Addressing estate and succession planning
Prudently planning the future of your company may call for weaving together estate planning and succession planning.
5 business succession options and their tax implications
Business owners have several options when planning for succession. Here are five to consider, along with the tax implications.
An ESOP can help business owners with succession planning
An employee stock ownership plan (ESOP) is a type of qualified retirement plan that invests solely or mainly in the stock of the business.
Business owners sometimes need to switch successors
Are you having second thoughts about your chosen successor? It happens. Here are some ways to address the issue and decide whether to change course.
If your business has co-owners, you probably need a buy-sell agreement
For most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a buy-sell agreement protects co-owners and their heirs and helps avoid hassles with the IRS.
Three timelines business owners should look at for succession planning
Business owners: When creating a succession plan for your company, you’ll ideally want to account for three separate timelines. Here’s a brief look at each.
Tax tips when buying the assets of a business
When buying a business, you may not focus on taxes. But the way the transaction is structured can lead to better or worse tax results after the acquisition.
Valuations can help business owners plan for the future
Most business owners know that a valuation will be necessary if they decide to sell their companies. But there are other reasons to consider engaging a qualified appraiser.
Look carefully at three critical factors of succession planning
When making a succession plan, business owners will want to consider these three critical factors.
What are the tax implications of buying or selling a business?
Merger and acquisition activity in many industries slowed during 2020 due to COVID-19. But analysts expect it to improve in 2021 as the country comes out of the pandemic. If you are considering buying or selling another business, it’s important to understand the tax...
Why you should keep life insurance out of your estate
If you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to the federal estate tax. Under the estate tax...
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