Business Succesion Planning Successful small businesses effectively link their planning strategies with the income and estate planning goals of their owners and key executives. A business that ignores these considerations may open itself to problems that threaten continued growth and, ultimately, survival. Two critical business challenges are offering benefits that serve as incentives to key employees – both within and outside the ownership group – and providing for a smooth succession by funding buy-sell agreements. These strategies help ensure that business owners and executives are able to pass along the maximum level of assets to their heirs at the least tax cost. Items to consider addressing in a business plan may include: Business SuccessionBusiness ContinuationExecutive Benefits and CompensationEmployee BenefitsRisk ManagementPersonal Planning We have worked with many small businesses over our 25 years of experience, and understand the nuances involved in planning for business owners, and their employees. Contact us to see where there may be gaps in the succession planning for your business.