Business Ownership

If you and your family own a business, it is likely that a significant portion of your wealth is tied up in the business. In planning for the future, an ownership transition plan is vital to seek to ensure your financial interests are protected. Our Family Wealth Guardians take a holistic approach to your business succession planning. Our  approach helps us understand the important factors in planning the transition of your business ownership. These include:

  • The current income and estate tax environment
  • The expected future income and estate tax environment
  • The relationship among any existing owners
  • The ownership’s attitude toward succession
  • Which family and non-family candidates will be successors
  • How successors will be trained
  • What the prospects are for business growth
  • What the prospects are for the business to become involved in merger and acquisition activity

After we have solidified the answers to these questions, we engage you and any current owners of the business in a collaborative discussion about the eventual realities of ownership succession. If necessary, we can introduce you to other vetted professional partners who can assist with structuring a plan that is most appropriate. These include:

  • Accountants
  • Attorneys
  • Business valuation experts
  • Life insurance brokers
  • Psychologists
  • Career coaches
  • Trainers
  • Business strategic planners

Because changes are part of the general nature of business and individual dynamics, the ongoing evaluation of your company by our Family Wealth Guardians is essential. This seeks to ensure that your plan stays aligned to your goals, and is adjusted accordingly.