Building the Future: Tips for Preparing the Next Generation of Leadership
Transitioning your family business to the next generation can be a daunting process if you are unprepared. To ensure that your business survives and prospers over the long-run, there are several...
View ArticleKey Issues from the 47th Annual Heckerling Institute Conference on Estate...
During the week of January 14, 2013, I was fortunate to attend the Annual Heckerling Institute Conference on Estate Planning in Orlando, Florida. It is the nation’s leading conference for estate...
View Article10 Ways to Ensure a Smooth Leadership Transition
The following is a guest post by Geoff Brown, CPA at Bond Beebe Accountants & Advisors in Bethesda, MD. There are a number of books written on succession planning and transitions in family...
View ArticleThree Common Estate Planning Mistakes You Don’t Want to Make
No matter what your net worth, it’s wise to have a comprehensive estate plan in place, and the earlier you do this, the better. Although contemplating and discussing your death with family members and...
View ArticleUnderstanding Estate Tax: What It is and What Your Family Business Needs to Know
Estate taxes are levied on the fair market value of an estate passed to heirs upon the death of its owner. As they pertain to a business, ownership (title) of a family business is an asset of the...
View ArticleFinancial Considerations for Family Businesses with Aging Ownership
An issue that family businesses inevitably face is having an owner who is heading to retirement (or planning on working until “the end.”) At this time, the “what ifs” begin to surface. What if the...
View ArticleFive Common Causes of Family Business Feuding and How to Avoid Them
Family Feud the game is fun to watch. Family feud in the family business is like watching a train wreck. It’s hard to put a good spin on the word “feud.” It implies more than just a disagreement,...
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