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, Kelly Berardi, 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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Articles

Avoid These Seven Mistakes in Succession Planning

Articles, 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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