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Family Businesses Succession Planning

IR Global

Addressing Financial Disputes in Family-Owned Businesses

IR Global on

Balancing numbers and relationships when business and family intersect. Family-owned businesses occupy a unique and vital space in the economy. They combine entrepreneurial drive with deep personal commitment and long-term...more

Offit Kurman

Bridging the Gap: The Art of Communicating with First Time Sellers

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It is estimated that 75 million baby boomers could retire by 2030. Many of these boomers have built successful businesses over decades, and they are now ready to sell as they move into the next phase of their lives. This is...more

Davidoff Hutcher & Citron LLP

Business Succession Planning for Restaurant Owners: Protecting Your Legacy

For restaurant owners, business succession planning is crucial to ensuring a smooth transition of ownership while protecting the legacy of their establishment. Whether the goal is to pass the restaurant to family, sell to a...more

Conyers

Private Trust Companies for Clients in the Middle East

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The question of who should act as trustee of a trust is fundamental to any wealth planning structure. For wealthy families and entrepreneurs in the Middle East, the choice is often between appointing a professional trustee or...more

Conyers

A Practical Guide to Cayman Islands STAR Trusts for Clients in the Middle East

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A STAR trust is a form of trust exclusive to the Cayman Islands and one that has a wide variety of practical applications. Its unique features provide clients with structuring options often not possible with ordinary trusts,...more

Conyers

A Guide to Cayman Foundation Companies in the Middle East

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Cayman Foundation Companies are innovative structures that combine the features of a company with those of a trust. Since their introduction in 2017, they have become increasingly popular and are now firmly established as a...more

IR Global

Planning the Next Chapter of Your Business

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In the business world, succession planning is often overlooked. Much like writing a will, it feels like something that can be put off indefinitely. Yet for many business owners, their company is more than just an asset; it is...more

Bennett Jones LLP

Q&A on How to Disaster-Proof the Legacy of a Family Enterprise

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A lack of communication is the most common—and most costly—mistake family enterprise owners make when planning for the future. Values-based conversations, proactive planning and collaborative advisory teams can prevent...more

Rivkin Radler LLP

The Enactment of OBBBA: It’s Time to Plan, Not Relax – “Winter is Coming”

Rivkin Radler LLP on

In the months preceding the general election in 2024, the owners of many closely held businesses who had not yet given much thought to the disposition of their future estates, including their businesses, decided they should...more

Levenfeld Pearlstein, LLC

Securing Your Legacy: Essential Estate and Succession Planning for Family Life Insurance Businesses

Experienced trusts and estates attorneys consistently observe how proper planning can mean the difference between a thriving legacy and a fragmented enterprise. For family-owned life insurance businesses, the stakes are...more

Schwabe, Williamson & Wyatt PC

The Changing Landscape of Oregon Farm Succession Planning with the New Federal Gift & ‎Estate Tax Exemption under the One Big...

Farm and ranch families can use the federal gift tax laws to avoid the Oregon estate tax on farms at death. As many folks are aware, anyone (including a non-resident) who owns real estate in Oregon that exceeds $1 million...more

Jaburg Wilk

Keeping the Family Cabin, in the Family

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Planning for Generations - As an estate planning attorney, a question I am frequently asked is, “How can we make sure the family cabin, ranch, or rental property stays in the family?” Real property carries deep sentimental...more

Bennett Jones LLP

Q&A on Managing Intergenerational Growth in Canadian Agribusiness

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Canadian agricultural family enterprises are living legacies that anchor our local economies. From household names to community-driven farms, these businesses have deep roots in the land and the hearts of their communities....more

Bass, Berry & Sims PLC

Smart Business Dealmakers 2025: Key Takeaways from Bass, Berry & Sims-Moderated Sessions

Preparation Is No Longer Optional—It’s Expected - Companies considering a transaction—whether a family business or private-equity-backed enterprise—must begin preparing well in advance of a potential sale. Panelists...more

Bowditch & Dewey

Key Legal Tips for Family Business Succession Planning

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Transferring your family business into the hands of a new generation is an exciting opportunity for growth. But with that opportunity also come legal considerations that are crucial to the ongoing success of any business. We...more

IR Global

The Value of Process Procedures in Family Business: An Advisor’s Insights

IR Global on

Succession planning in family businesses is a complex and critical endeavor. It’s not just about passing the torch from one generation to the next; it involves meticulous preparation, clear communication, and structured...more

IR Global

Strategic Growth in Wealth Advisory: The Financial Harvest Success Story

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In financial services and specifically wealth advisory, success is often measured by the growth of assets under management and the ability to navigate challenging market conditions. For David and Katie Witter, founders of...more

Warner Norcross + Judd

Is Your Business Planning Ready for an Unexpected Incapacity or Death? Stress Testing Your Estate Planning – Step 2

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Most people take steps to maintain good health, including scheduling annual checkups with their doctors to confirm there are no immediate or long-term health concerns. This checkup could include a stress test, which lets you...more

K2 Integrity

[Webinar] Family-Owned Businesses in Italy and Spain: Opportunities and Pitfalls for International Investors - October 29th, 1:00...

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Family-owned businesses continue to play a significant role in the Italian and Spanish economies, accounting for more than 80 percent of all enterprises and around 60 percent of GDP in both countries. In the aftermath of the...more

Tucker Arensberg, P.C.

Business Owner’s Guide: Plan Your Exit

Tucker Arensberg, P.C. on

As America’s largest generation approaches retirement age, we are seeing an influx of business owners looking for an exit ramp. Curiously, we are also seeing business owners of younger generations exiting, or planning to...more

DarrowEverett LLP

Estate Planning for Your Real Estate Business: Tips to Preserve Value

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Real estate business owners face unique challenges that many business owners in other industries do not experience. The real estate market climbs and falls, contractor fees and material costs rise with inflation, and high...more

BakerHostetler

[Podcast] Legacy Management – A Different Approach to an Age-Old Business

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Legacy management is an age-old business that has not changed in decades. We propose moving away from an episodic, transactional delivery model and removing siloes between a family’s advisors – allowing for a proactive,...more

IR Global

Business Value – Tapping into What Owners Care About

IR Global on

In a recent video, Jeff Faulkner, co-founder of the International Succession Planning Association, spoke about the importance of succession planning for business owners. Faulkner emphasized that succession planning is not...more

IR Global

Understanding Client Motivations: Key to Making a Significant Impact

IR Global on

Jeff Faulkner, co-founder of the International Succession Planning Association, speaks about the challenges that arise when transferring ownership of a business to the next generation. In the video, he points out the...more

Mandelbaum Barrett PC

Legacy Planning for Family Businesses: Transitioning with Ease

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In the heart of every family-owned enterprise lies a story of hard work, dedication, and a vision for the future. These businesses not only represent a significant portion of the economy but also embody the legacy of...more

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