The Coach interviews Stephen Reed, CPA, at Cowan, Gunteski & Co., P.A. on the five key steps to a successful business succession plan.
Over 90% of businesses in the U.S. are family owned, but less than 30% make it to the second
generation and fewer than 12% make it to third generation. The key reason cited is: [...]
Entries Tagged as 'Family Business Succession'
Five Key Steps To A Successful Business Succession Plan
July 28th, 2010 · No Comments · Family Business Succession
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Five Key Steps To A Successful Business Succession Plan
July 20th, 2010 · No Comments · Family Business Succession
The Coach interviews Stephen Reed, CPA, at Cowan, Gunteski & Co., P.A. on the five key steps to a successful business succession plan.
Over 90% of businesses in the U.S. are family owned, but less than 30% make it to the second
generation and fewer than 12% make it to third generation.
The key reason cited is: they [...]
Tags:
Tactical Hints for Succession Planning
July 12th, 2010 · No Comments · Family Business Succession
The sooner the succession planning process is started the better, and you will have more options.
Another advantage: options, such as buying life insurance to fund the stock ownership transfer, tend to be less expensive when the owner is 45 versus 65.
A child may have the right to inherit the business, but the right to manage [...]
Tags: succession planning hints·succession planning tactics·succession planning tips
