Estate and Succession Planning for Small Business Owners PDF Download
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Author: Loren W. Tauer
Publisher:
ISBN:
Category : Estate planning
Languages : en
Pages : 32
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Book Description
Author: Loren W. Tauer
Publisher:
ISBN:
Category : Estate planning
Languages : en
Pages : 32
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Book Description
Author: William J. Rothwell
Publisher: CRC Press
ISBN: 1000728358
Category : Business & Economics
Languages : en
Pages : 187
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Book Description
Who will lead your organization into the future? Have you created the systems to properly implement required succession transitions? Have you put the financial tools in place to fund the transition? Do you want a plan that connects with your personal and company core values? When do you include timely planning related to strategy and talent issues? What are the appropriate communication strategies for sharing your plan? What legal issues need consideration related to the strategy, financial, and people aspects of succession? So, what is preventing you from starting this effort tomorrow? Small and family businesses are the bedrock of all businesses. More people are employed by small and family-owned businesses than by all multinational companies combined. Yet the research on small and family businesses is bleak: fewer than one-third of small business owners in the United States can afford to retire. Only 40% of small businesses have a workable disaster plan in case of the sudden death or disability of the owner, and only 42% of small businesses in the United States have a succession plan. Fewer than 11% of family-owned businesses make it to the third generation beyond the founder. Lack of succession planning is the second most common reason for small business failure. Many organizations often wonder where to start and what to do. Succession Planning for Small and Family Businesses: Navigating Successful Transitions presents a comprehensive approach to guiding such efforts. Small and family-owned businesses rarely employ first-rate, well-qualified talent in human resources. More typically, business owners must be jacks-of-all-trades and serve as their own accountants, lawyers, business consultants, marketing experts, and HR wizards. Unfortunately, that does not always work well when business owners embark on planning for retirement or business exits. To help business owners avert problems, this book advises on some of the management, tax and financial, legal, and psychological issues that should be considered when planning retirement or other exits from the business. This comprehensive approach is unique when compared to the books, articles, and other literature that currently exist on the market. This book takes on a bold and integrated approach. Relevant research combined with the rich experiences of the authors connects this thorough, evidence-based approach to action-based approaches for the reader.
Author: George C. Shattuck
Publisher: Prentice Hall Direct
ISBN: 9780132854610
Category : Law
Languages : en
Pages : 292
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Book Description
Unless a small business owner has a solid financial plan for transferring ownership of the business, the IRS can claim anywhere from 37% to 55% of it in taxes--and that doesn't include the state tax bite! Prepared especially for small businesses by an expert on tax and succession planning, this invaluable guide comes to grips with all the critical issues and problems an owner may face.
Author: Mike Fager
Publisher: Lulu.com
ISBN: 0615176143
Category : Business & Economics
Languages : en
Pages : 226
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Book Description
Succession Planning for the Family Owned Business represents a comprehensive strategy for ensuring that your family business is passed successfully to the next generation. Within these pages, you will find everything you need to plan for the future of your small business as well as your family.
Author: Steve Goodman
Publisher: LULU
ISBN: 1483406458
Category :
Languages : en
Pages : 109
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Book Description
Author: Gregory Monday
Publisher: American Bar Association
ISBN: 9781641056915
Category : Law
Languages : en
Pages : 188
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Book Description
"This book provides lawyers with step-by-step guidance on how to lead family business owners through the succession planning process to produce a result that is tailored to the unique circumstances and objectives of the owners and their successors."--Back cover.
Author: C. Aronoff
Publisher: Springer
ISBN: 1137512083
Category : Business & Economics
Languages : en
Pages : 103
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Book Description
Helps to prepare for passing the family business on to the next generation. Leaders will learn how to create a succession plan; how to develop opportunities for succession candidates; how to build consensus with the family and leaders on succession plans and finally leaders will learn when and how to let go of their own role in the business.
Author: Michael A. Lobraico
Publisher: BPS Books
ISBN: 1926645693
Category : Law
Languages : en
Pages : 174
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Book Description
Whether big or small, global or local, family businesses are the engine of wealth and security for owners, families, employees, and business as a whole. But as this book shows, that engine can easily break down: If the family, ownership, and business circles related to the business fail to hold regular and candid conversations that clarify ownership's intent for the business and the rules for family members' ownership of and employment in the company And if the business fails to run itself on solid, independent business principles Using an entertaining case study of a composite company, Blooms Floral, the authors coach readers in how to conduct these conversations to ensure that future generations of their family business not only survive, but thrive.
Author: Clayton W. Chan
Publisher: Aspatore Books
ISBN: 9780314282088
Category : Business & Economics
Languages : en
Pages : 82
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Book Description
Business Succession and Estate Planning for the Closely Held Business Owner provides a solid foundation for understanding and communicating effectively with your attorney and other professional advisors regarding how to set up a winning business succession plan. Although business succession and estate planning is often viewed as an arcane field, full of complex concepts and terminology, it is also essential for every closely held business owner. Neglecting this type of planning is to risk having your business and other assets pass in ways that you did not intend. Among other things, Business Succession and Estate Planning for the Closely Held Business Owner guides you through the business succession plan cycle, the federal transfer tax system, and core estate planning documents, such as wills and revocable trusts. Youll also be introduced to the concepts of holding entities, recapitalization, and estate freeze planning. Armed with this knowledge, you will be able to participate more fully in the planning process in order to design a plan that reflects your most important wishes and desires when it comes to this topic.
Author: Yoon Lee
Publisher:
ISBN:
Category :
Languages : en
Pages : 11
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Book Description
Using data from the 1997 National Family Business Survey, this study analyzed 673 family-owned businesses. Consistent with other studies, the findings indicated that only 20 percent had a written succession plan. Among 673 family business owners, only about 14% developed a net worth statement and 13% met with a financial planner or business consultant to discuss estate planning. Those family business owners with a succession plan tended to be older, worked longer hours in their family businesses, had fewer numbers of children, and had higher business management scores than did those business owners without a succession plan. Those who started their own business were less likely to have a written succession plan than those who inherited the business. Female family business owners were less likely to have a succession plan than were male business owners. Based on the findings, implications for financial counselors/planners and family business consultants are presented.
