Estate Planning Tips for Small Business Owners
If you are a small business owner, you know first-hand how much time, energy, money, heart, and soul go into such an entrepreneurial endeavor. You have likely spent a significant chunk of your life building up your business and now is the time to start thinking about what will happen to...
What Should Be in Your Business Succession Plan?
For many small business owners, their business is their life’s work. It is something that they have invested time, money, and a lot of heart into. When considering this, it can be downright surprising how many times small business owners fail to have a business succession plan in place. A properly crafted business succession...
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Avoiding the Drama of “Succession” with a Business Succession Plan
How can I select an heir to carry on the family business?
The popular HBO series “Succession” explores dramatically a common issue—heirs fighting for control of the family empire. The series centers on the Roy family, who control a media and hospitality empire. As the family’s patriarch ages and suffers health problems, his four children...
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