After many decades of counseling successful closely-held businesses, Brown and Streza knows that successfully transferring closely-held businesses is the most difficult challenge our clients face. It is far more than “positioning the business for a sale” or minimizing estate taxes on the transfer of businesses to your heirs. For example:
- Do you have a systematic process to analyze and address each issue in your business succession planning?
- Does your plan achieve your personal goals?
- How do you pick future leaders when multiple family members are involved in the business? You can’t have 2 CEOs!
- What impact do your choices have on employees, customers, supplies, and banks?
- Do you have a plan for transitioning the above key relationships to your successor?
- Do you understand what really drives the value of your business?
- Does your business have reliable financial reporting and controls?
- Does your business have a process for ensuring legal compliance?
- Can you clearly communicate your succession plan to all, preferably in writing?
- Is your succession plan reflected in your estate planning and other legal documents?
About Brown and Streza
Brown and Streza LLP is a law firm providing integrated legal services in tax, estate, trust, real estate, business, business succession planning, and charitable planning, including representing non-profits and religious organizations. Located in Orange County, California, we serve families, businesses, entrepreneurs, philanthropists, and charitable organizations, focusing on helping closely-held businesses and their owners achieve their goals. For more information, please visit our website.
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