Related Information:Business Succession PlanningFor many business owners, their business comprises a significant portion of their wealth. For those owners who desire to have their family participate in their business and ultimately own their business, estate taxes present major challenges to estate planning in order to avoid having to sell the business to pay estate taxes. Our attorneys have extensive experience in dealing with business owners, and are familiar with the planning techniques that can minimize the impact of estate taxes on the continuation of the business. In addition to the tax planning involved in business succession planning, ownership of the business by family members presents unique challenges to owners and family members alike. We are often called upon by our clients to assist them with these challenges. Our assistance often involves the use of other professionals, such as valuation experts and compensation specialists. |