Succession Planning

businessman hand arranging wooden cube blocks representing succession of business from one generation to the next

8 Strategies For Effective Wealth Transfer In A Business Succession

Energy, Energy & Petroleum, Martin Kirshner, Succession Planning / By

A well-structured transition ensures that the entrepreneurial spirit, hard work and values and traditions of the founding generation are not lost By Martin D. Kirshner, CPA, MSAGray, Gray & Gray, LLP Table of Contents As the Baby Boomer generation approaches retirement, a significant amount of wealth is poised to be transferred to the younger generations. […]

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The Potential Ripple Effects of Connelly v. United States on Business Succession Planning

Articles, Bryan Pearce, Featured Events, Kelly Berardi, News, News & Events, Succession Planning, Tax Strategy & Compliance, Tax Tips / By

By Bryan E. Pearce & Kelly A. Berardi, JD, LL.M.Gray, Gray & Gray, LLP Companies whose business succession planning includes the use of life insurance policies to fund a buy/sell agreement may have to go back to the drawing board. The recent U.S. Supreme Court decision in Connelly v. United States has significant implications for

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Alert: Tax Changes May Affect Your Exit Timing

Articles, Featured Events, General, News, News & Events, Succession Planning, Tax Tips / By

By Joe Ciccarello, CPA, MST Partner February 4, 2021 If you have given any thought to selling your business and retiring, now might be a good time. And I mean right now. The shift in power in Washington is likely to result in significant changes to federal tax laws, including capital gains taxes. Corporate tax

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Avoid These Seven Mistakes in Succession Planning

Articles, Featured Events, News & Events, Resources, Succession Planning, Tax Strategy & Compliance / By

Family businesses account for 64 percent of U.S. gross domestic product, generate 62 percent of the country’s employment, and account for 78 percent of all new job creation.1 Yet the average life span of a family business is a mere 24 years. Less than one in three family-owned businesses survive to be passed on to

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What is Missing from Your Estate Plan?

Articles, Featured Events, News & Events, Resources, Succession Planning / By

If you have taken the step of creating an estate plan to help ensure your financial wishes are carried out, congratulations. You are well ahead of most people in this country. Forbes magazine reports that 51 percent of Americans age 55 to 64 don’t even have wills, much less estate plans. But no estate plan

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