Find out if you are well-planned for each business cycle by reviewing this checklist.

  • Business capital phase, where the business is building and growing.
  • Personal capital phase, when it’s time to plan for capital assets outside the business capital phase.
  • Legacy capital phase, where managing and transferring wealth are your primary concerns.

Family business owners face unique challenges in managing wealth and preserving legacies for future generations. Wilmington Trust provides strategic advice on all aspects of wealth, personal, and business planning, implementing the right mix of services to meet your complex needs. 

What is the definition of a “well-planned” business owner? One who understands the importance of organizing and streamlining each business cycle, planning for the growth, transition, and personal considerations that come with each phase: the Business Capital phase, when the business is building and growing; the Personal Capital phase, when it’s time to plan for capital assets outside the  business; and the Legacy Capital phase, where managing and transferring wealth are the primary concerns. Thinking in these terms and planning for each business cycle and associated phase can go a long way in helping a business owner successfully prepare for the transitions ahead. 

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