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Planning Guide for the Family Business

In: Plan Your Own Estate

Author

Listed:
  • Deirdre R. Wheatley-Liss

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.

Suggested Citation

  • Deirdre R. Wheatley-Liss, 2013. "Planning Guide for the Family Business," Springer Books, in: Plan Your Own Estate, chapter 0, pages 241-251, Springer.
    • Handle: RePEc:spr:sprchp:978-1-4302-4495-0_18
    DOI: 10.1007/978-1-4302-4495-0_18
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