You spend years building a family business, but when it’s time to turn it over to the next generation there can be squabbles over company value and succession that cause turmoil, while gift and estate taxes eat away at company coffers. As the baby boomers head into retirement, they are expected to hand over control of companies worth trillions of dollars in the aggregate. A significant number of those businesses may not be prepared for a smooth transition into new ownership or a second generation of leadership, are you? We can help ensure that the transfer goes smoothly and create a plan that helps minimize related taxes and enhance your retirement nest egg. Every day, our experts offer customized advice to companies like yours. Contact our office today at 763-550-1100 for more information and insights on all your family business concerns.
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