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Business Succession

Succeeding in Business Succession

It is surprising how few business owners have a written succession plan. That may be why The Center for Family Business at Northeastern University estimates that fewer that one-third of family businesses survive to the second generation, and under 10% survive to the third, proving that whether you plan to retain or sell your business at death, disability or retirement, you need expertise to help you structure an arrangement to maximize the tax and financial benefits to you and your family. Our associates are advisors in business planning strategies, including buy-sell agreements (such as stock redemption, cross-purchase and equity-only agreements, gifts of corporate stock, life insurance, self-canceling installment notes, family limited parterships, as well as personalized management control and succession strategies).

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