family-businesses

Key Elements of a Family Business Succession Plan

Key Elements of a Family Business Succession Plan

A family business succession plan is a multifaceted plan. When done correctly, a succession plan for the family business addresses various key issues in the business as well as at a personal level.

Key Elements of a Family Business Succession Plan

A family business succession plan is a multifaceted plan. When done correctly, a succession plan for the family business addresses various key issues in the business as well as at a personal level.

There are a number of critical elements you need to consider for any business plan. The following are six key areas your family business succession plan needs to address.

Why Law Matters to Your Business

Why Law Matters to Your Business

Law takes care of the creativity, structure and relationships that make your business healthy and vibrant. The legal tools that do this are things like contracts and copyright/trademark laws. That’s a pretty compelling “why.”

Asset Protection Is for Everyone

Asset Protection Is for Everyone

When people hear the words “asset protection,” they think of rich individuals with offshore accounts and tax havens. However, in reality, asset protection is for everyone. Using a series of basic techniques, individuals can increase the odds that the wealth they’ve accumulated stays with them and their heirs and not someone else.