I Always Thought The Business Would Go To My Children, But Now I'm Not So Sure

Feb 11, 2013

See if This Sounds Familiar…

You have labored long and hard in your business for several years, and to your credit the business is thriving. Your son or daughter has worked in the business and you have paid him a fair wage. (I will use the male gender only for the sake of simplicity.) Somewhere along the line you might have mentioned or insinuated that someday “he could or would take over the business”, or, that “the business would be his”. If you are like most business owners, you probably did not give much thought at the time about what this meant to your son, to you, or how you would make this happen... read more



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Category: Estate Planning

Joan M. Ridley, CBA, CEPA, CFP™

Joan RidleyPresident of Business Wealth Solutions, a business consulting firm.

"We have identified numerous opportunities to protect and maximize corporate wealth both now and in preparation for ownership transition. In this economy, human and intangible capital are major corporate assets. Absent proper planning, business owners could leave dollars on the table, and face the risk of actually losing their unprotected assets and hard-earned wealth."



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