Business Succession
Client business succession planning sets up a smooth transition to future owners of their business. Family business succession planning can be especially complicated because of the relationships and emotions involved - and because most people are not comfortable discussing topics such as aging, death, and their financial affairs.
IFR asks your client these critical questions:
"As I grow older, I pay less attention to what men say. I just watch what they do." - Andrew Carnegie, Scottish-American industrialist
Client business succession planning sets up a smooth transition to future owners of their business. Family business succession planning can be especially complicated because of the relationships and emotions involved - and because most people are not comfortable discussing topics such as aging, death, and their financial affairs.
IFR asks your client these critical questions:
- Will your business carry on without you, or will it be sold?
- Who's going to manage the business when you no longer work the business?
- How will ownership be transferred?
- Could your business partner legally sell their interest to someone you don’t want as your business partner
- If you predecease your spouse, have you ensured that upon your spouse’s death, your assets go to your children?
"As I grow older, I pay less attention to what men say. I just watch what they do." - Andrew Carnegie, Scottish-American industrialist
