Client Alert

Tips for a successful succession plan for your family business

Using a few strategies, you can have a smooth and conflict-free succession process: Choose an heir Ideally, you should start at least a decade before leaving — think about who you would like to take over. The next person to run your company will likely be within your company so start scouting out the real star employees of your ranks. Otherwise, you may look outside the business. Create a training […]

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Client Alert

What should your exit strategy be?

Part of being successful in business is knowing when to get out of the business. As such, having a solid exit strategy should be as much a priority for business owners as next year’s business plan. An exit strategy should include plans for how to minimize taxes when you actually sell the business. However, your tax minimization strategy may be different depending on who you sell the business to. Essentially, […]

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Protecting the Prodigal Child from a Problem Marriage

Dear Clients, Colleagues, and Friends, The doorbell rings around midnight. Heading to bed, James and Victoria worriedly check the peephole. Their grown son Brian and his much disliked girlfriend-of-the-month Elle wait outside. James opens the door asking, “Aren’t you supposed to be in Vegas for the weekend?” Elle thrusts her hand in their faces. “We were!” she screams, showing off a huge diamond ring. “You’re engaged?” asks Victoria, crestfallen. “No, […]

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Succession Planning Requires Teamwork

Dear Clients, Colleagues, and Friends, “Teamwork makes the dream work, but a vision becomes a nightmare when the leader has a big dream and a bad team.” – American Clergyman, John C. Maxwell Paul can’t believe it’s been forty years since the night he died. The last thing he remembered was blowing out the candles on his 20th birthday cake – then nothing. One minute he was fine, the next […]

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