Business Succession Planning
For entrepreneurs, putting a business succession plan in place is an important part of designing a wealth management plan. Main Street Financial Life Advisors helps privately owned firms with succession planning and management issues. Should there be an untimely death or illness that leaves you unable to run your business, your business and family are properly protected, and your wishes are carried out. In fact we can help identify important planning considerations that might not have been part of an existing plan. We are entrepreneurs as well and thus have the ability to share our experience and formulate a plan that will address tax liability, ownership transfers, vested interests of staff and loyal employees, as well as any potential legal complications between family, partners or other third parties.
You’ve worked hard to build your business—a little guided preparation will ensure its legacy is passed along according to your plans.