Succession Planning

The need for business succession is an essential component of anyone involved in an ownership position or anyone contemplating becoming an owner. Planning for the business executive of a closely held and/or family-owned company involves special tax and non-tax considerations. Some of the primary goals of such executives include:

 

  • Maintaining control of the business among desired individuals during lifetime and at death.

  • Providing adequate income during retirement and for your family upon your death.

  • Minimizing estate and gift tax liability.

Succession planning is essential to ensure the continuity of your business. The professionals at The Center will:

  • Consider the impact of the tax laws.

  • Create a plan to maximizing your benefits.

  • Develop a succession strategy.

  • Negotiate and implement the transfer of your company.​

The Center for Financial, Legal & Tax Planning, Inc.

4501 West DeYoung Street | Suite 200 | Marion, IL 62959

Phone: 618-997-3436| Fax: 618-997-8370

info@taxplanning.com

© 2016 by The Center for Financial, Legal & Tax Planning, Inc.  at www.taxplanning.com