Keeping It In the Family: Sales and Transfers of Family Businesses

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Discussion Leader: Stephen Stafford

Please join us via Zoom for a one-hour webinar designed to help you learn how to effectively plan for your business clients. As part of a monthly webinar series offered through WealthCounsel, this presentation will address sales and transfers of family businesses.  

A family business is typically the biggest asset of the family that owns it. You cannot effectively plan the estate unless you also plan the family business. There may be two or three generations that work in it and depend on the income from it. At some point, the senior generation will retire or die and the leadership and ownership must be passed to the next generation with the least amount of hassle, strain, costs and taxation, in a way that the business will thrive with new leadership, while beating the odds against survival. We will discuss: 

• How to get the procrastinating entrepreneur to plan for succession
• Income planning for generations
• Structures that reduce taxation on transfer
• How to prepare the company for transfer
• Avoiding legal traps: Debts, Security Regulations, Hazardous Waste, Licensing, Asset Transfer, Avoiding Probate

Earn 1 hour of CLE

In order to be awarded the full credit hour, you must be present during the entire webinar