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Business Succession

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LFG - Business succession

Perhaps one of the most important decisions you can make as a business owner is planning for your company's future. You've worked long and hard to create this success so why not help ensure your company's continued prosperity and growth after you're gone? While the decisions and issues that come with business continuation planning are seldom easy, we can help you understand many of your options.

Did you know that of the 22 million family owned businesses in the United States today, 1 less than one-third will survive to a second generation, and less than 5% of those will make it to the third? 2 The truth is, the great majority of privately owned businesses lack a viable business continuation strategy.

We'll identify some of the important considerations in selling your business and handing it over to new owners, including: buy-sell agreements, stock redemption, cross purchase, "wait and see," gifts of corporate stock, life insurance, private annuities, self-canceling installment notes, family partnerships, management control, voting agreements, proxies, voting trusts and public offerings.

 
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