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Description
Business succession planning is vitally important to the
long-term survival of a closely-held business.
It requires focused consultation with the client (and often the other
stakeholders in the business) and close attention to applicable state and
federal laws. On top of all of this,
every situation has unique aspects. Many
closely-held business owners today have questions or concerns about the
following:
- The income tax deduction for qualified business income
- Securing retirement income for the business owner
- Use of trusts in the disposition of closely-held business interests
- Transferring closely-held business equity among family members with divergent or conflicting interests
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