You’ve probably taken a long view approach to establishing and founding your business. Growing a company is probably one of the greatest achievements of your life, but if you’ve failed to consider the other potential stakeholders who could be influenced if you had to leave the business either by your own choice or involuntarily, you could be exposing the business, its legacy and treasured family members and employees to unnecessary risks.
Think carefully about who will be able to run your business after you leave. One advantage to taking this process into consideration earlier than in a crisis situation is that you have plenty of time to pass along the necessary skills to assist each person with the job at hand.
There are three primary options for stakeholders to consider in business succession planning; an independent purchaser, employees and family members. Independent purchasers can include a strategic or a financial buyer. Employees could purchase through structures, such as an employee stock ownership plan and can help minimize risk by easing your transition out of the company.
October 3, 2019 |
You’ve probably taken a long view approach to establishing and founding your business. Growing a company is probably one of the greatest achievements of your ...
Learn MoreOctober 1, 2019 |
Your estate plan includes important components such as a will, to help distribute your assets if and when something happens to you. But one of ...
Learn MoreSeptember 30, 2019 |
One of the biggest concerns at the top of minds for retirees are being able to afford potential decades of life post-retirement and preparing for ...
Learn MoreSeptember 25, 2019 |
Today’s families need the support of dedicated and knowledgeable estate planning lawyers. With second or third marriages and blended families, estate planning calls upon professionals ...
Learn MoreSeptember 24, 2019 |
Are you concerned about the rising costs of long-term care? You’re not alone. A growing portion of the population in the U.S. will need some ...
Learn MoreSeptember 23, 2019 |
Did you know that there are two ways you can explain your wishes should something happen to you and you are unable to advocate for ...
Learn MoreSeptember 18, 2019 |
Thinking ahead about your future requires careful and complex consideration of a variety of issues. A recent study by Unum shows that many adults find ...
Learn MoreSeptember 17, 2019 |
Every so often it’s helpful to sit down and review your existing estate planning documents. Ideally you will have stored a copy of these with ...
Learn MoreSeptember 16, 2019 |
If you don’t have any children and are currently not married, there’s a good chance you think you don’t need life insurance. If your first ...
Learn MoreSeptember 12, 2019 |
I’ve been told in the past that it’s easy for me to discuss Estate Planning, Elder Law and Financial Planning with my loved ones because ...
Learn MoreClick here to see how we
can be of assistance.
This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.
Connect with us on Social Media using the following buttons:
Listen in, Join the Conversation!
A family financial meeting can prepare adult children for future responsibilities without revealing every financial detail. Here are 10 things they should know before a crisis occurs. For many families, conversations about money happen only when circumstances force them to happen. A parent ...
<p>The post The Family Financial Meeting: 10 Things Your Children Should Know Before They Need to Know Them first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
Proactive tax planning can help business owners and families identify tax-sensitive decisions before deadlines arrive. Explore six situations worth reviewing throughout the year. Tax planning is often associated with filing season. But ...
<p>The post Are You Paying Taxes Today That You Could Be Planning Around? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
As wealth grows more complex, separate advisors can create gaps between business ownership, real estate, trusts, investments, taxes, retirement plans, and family goals. Learn why coordinated planning matters. For many ...
<p>The post When Your Financial Life Becomes Too Complicated for a Collection of Separate Advisors first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>
