A Tip From Our Business Team – In Brief Spring 2021 Newsletter

Plan Ahead to Sell or Transition Your Business

If you anticipate exiting the business within five years, now is the time to start planning. With possible estate and gift tax law changes ahead, there is opportunity now to create an advantageous structure for family wealth following a sale, or to transition family business ownership to the next generation. Also, there are legal considerations and best practices regarding your operations and contracts that can make you a more appealing, and more valuable, target to an acquirer. Do not wait until an unexpected crisis occurs, or a lucrative offer presents itself. By then, the advantages planning provides will be reduced or eliminated.  Consult with us about the future today, and learn what opportunities exist even if you are not exiting immediately.

 

Andrew P. Grau