Estate & Succession Planning
For most founders, the business is the largest asset in the estate — and the hardest one to transfer. Buy-sell funding, family transfers, estate tax mechanics, step-up in basis, ESOPs, and emergency continuity planning.
Guides
Transferring the Business to Children Without Destroying Family Finances
Intra-family business transfers are among the most financially and emotionally complicated transactions in closely-held business planning. The owner typically wants to pass the business to children who've shown interest. The children want the business but…
Selling to Employees via ESOP: Liquidity for Owner and Tax Benefits for the Business
An Employee Stock Ownership Plan (ESOP) is a qualified retirement plan that invests primarily in the stock of the sponsoring employer. Unlike a 401(k) that might hold employer stock as one of many investment options, an ESOP is designed specifically to own…
What Happens to the Business If You Die or Become Disabled? A Personal Financial Emergency Plan
Most business owners have a will. Some have a business succession plan. Very few have what their family would actually need if the owner died or was incapacitated this week — a document that tells the survivors exactly what to do, in what order, to keep the…