Helping Families Preserve and Protect Assets and Values
Transferring the Business to Children or Employees: A Recipe for Disaster? - Step Five
Fri, 12/26/2008 - 22:01 — dougvann
How do you successfully transfer your business to a child, key employee or coowner?
The most successful method is to follow a recipe that mixes, in equal
measure, three key ingredients:
- One part: the ability, experience and dedication of the prospective new
owners; -
One part: a company with strong, consistent cash flow and little debt;
and -
One part: a transaction designed to prevent income taxes from eroding
the cash flow available to you, the seller.
| Attachment | Size |
|---|---|
| bei issue 6.pdf | 62.32 KB |
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Henry C Weatherby and Jeffrey S. Rivard are members of NAELA, the National Association of Elder Law Attorneys