A family business may pose its own challenges and requires a structured, formal estate plan. Opinions and emotions can differ greatly within families and your passion for your business may not be shared. If you have a family business, you may need to work through several succession options until all parties agree. For instance, who will manage or control day-to-day business operations; will your children want to be involved and take over the business; are your family members prepared to take on that responsibility; would you want to be in partnership with your business partners spouse or children?
We help you work through all the delicate issues.
Despite operational pressures, your planning needs to start right now
In times of rapid market change, business owners often juggle several roles; time is precious and pressing operational issues take over all other priorities such as long-term planning.
It is crucial to set a plan in motion today.
- Enhance the ultimate value of your business: work through the issues today so you can make any changes in your business structure or processes.
- Seeking specialist advice is crucial so you can design a sound plan for the management, control and ownership of your business.