Tag: family business

• Estate Planning and Administration

  Estate Planning – Why is it Important to Include your Family Business in Your Estate Plan?

  • February 24, 2016
  • By Allen & Gooch

  1) Is your business your largest asset? The first reason to include your business in your estate planning is that it is likely one of your most valuable assets. The business may be the asset most likely to create potential tax consequences based on its value. Would it be valuable to remove portions of the […]

• Business Litigation

  Five Signs Your Business is Ready for the Next Generation

  • January 25, 2016
  • By Allen & Gooch

  Family businesses make up 80% of all U.S. businesses, and yet only 30% of these businesses successfully survive a transition to the next generation. Dwight Drake, Closely Held Enterprises 335 (2013). One key question that many family businesses face is whether the company will survive the transition to the next generation. Here are five signs […]