Make the increased federal transfer tax exemption work to your advantage. As a business owner, it’s important to understand how the new tax law changes can work to your advantage. The increased federal transfer tax exemption amount (the “exemption”) provides a unique opportunity for you to implement beneficial transfer tax strategies for your business interests.
Wilmington Trust, M&T Investment Banking, and Family Business Magazine hosted a business valuation webinar on May 23. The webinar provided a comprehensive look at how to value a company, including: how valuation methods, shareholder goals, competitive positioning, and market dynamics all play a critical role in yielding the best results for privately owned family businesses.
Busting the four myths of business transition planning Key points Planning for business transition doesn’t mean giving up control of your company. Transition planning isn’t a distraction, it’s another component of protecting and strengthening the legacy you’ve built. As a business owner, you owe it to yourself, your family, employees, and customers to plan ahead.