Planning Guide for the Family Business

Deirdre R. Wheatley-Liss

Chapter Chapter 18 in Plan Your Own Estate, 2013, pp 241-251 from Springer

Abstract: Abstract When you own your own business and you meet your demise, not only has your family lost you, but your business has lost its leader. Can your business be liquidated or continued in a manner that maximizes its value to your family? Have you created a situation where someone has the know-how and skill to replace you? If that’s not possible, can the business be sold? On the upside, tax laws love a family business, so your tax burden might be deferred or reduced.

Keywords: Real Estate; Family Business; Life Insurance; Legal Authority; Limited Liability Company (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4302-4495-0_18

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DOI: 10.1007/978-1-4302-4495-0_18

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