Planning for the future is an essential part of running any business.
Family businesses face unique challenges, which are why so many of them fail to survive into the third generation. This can be due to a variety of factors. For example, the business might have to be sold to generate the liquid funds to pay estate taxes. Or surviving family members might have contrasting desires for what to do in the future: some may want to continue the business; others may want to “cash out” and walk away.
Whatever the situation, implementing a Business Succession Plan before a triggering event arises can help make any transition go more smoothly. Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company’s day to day operations.
With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.
Located in Las Vegas, we are simple phone call and drive away from getting a strong roadmap for your local business, regardless of size.
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