Managing concentration, tax, market, and longevity risk is the key to financial security. Each stage of your business brings distinct financial risks. Examine your financial life—particularly your investments—from a new perspective to ensure the next stage is as rewarding as the last. Before passing control of your business to the next generation, be sure to
We often come across a surprisingly large number of business owners who struggle with this very issue, as it is both a monetary and an emotional decision. The most common approach is to give other non-business estate assets to those not receiving any interest in the business with the goal of equalizing the value received by
Learn about wealth transfer strategies, diversification alternatives, and holistic financial planning for business owners. Lack of proper financial planning is a surefire way to lose the family business you’ve worked so hard to create. You can implement a number of strategies to help you maximize your legacy’s ultimate value. As your family and business change,
