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Aug 1, 2009

All in the Family - How to create harmony and significant tax savings

By: David Schlesinger

You have worked hard to build a successful business and are now starting to think of its future. You can either pass your business along to one or more of your children or you can try selling it. You have children showing an intereste in the business or already working with you and you would like to see them running it together with the same vision you have. But you are also thinking about the amount you can obtain by selling it to a non-family member. The process of determining how and when your business should be transferred to others is known as succession planning.

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