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Ferguson Alliance How to Assess Succession Plan Costs for Family Owned Businesses
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How to Assess Succession Plan Costs for Family-Owned Businesses
Are you preparing for a successful succession in your family business? Discover the critical financial factors that you need to assess with Tom Anderson, a seasoned business advisor from Ferguson Alliance.
Understanding the importance of an accurate financial assessment in succession planning.
Identifying customary costs, such as legal and business valuation fees, during succession.
Recognizing less obvious expenses, including replacement of the seller's profits and double salary expenses.
Utilizing special tax conventions to minimize annual tax liabilities and their impact on succession.
Addressing the need for incentive planning for key employees to ensure business continuity.
ABOUT FERGUSON ALLIANCE
Ferguson Alliance is a boutique family business advisory firm in Houston, Texas.
Our mission is to help family businesses live longer by providing practical business advice from experienced advisors.
Check out our Ultimate Guide to Family Business Prosperity for dozens of resources about family business planning, succession, governance, financial strategy, team management, and leadership. No opt-in required.
Are you preparing for a successful succession in your family business? Discover the critical financial factors that you need to assess with Tom Anderson, a seasoned business advisor from Ferguson Alliance.
Understanding the importance of an accurate financial assessment in succession planning.
Identifying customary costs, such as legal and business valuation fees, during succession.
Recognizing less obvious expenses, including replacement of the seller's profits and double salary expenses.
Utilizing special tax conventions to minimize annual tax liabilities and their impact on succession.
Addressing the need for incentive planning for key employees to ensure business continuity.
ABOUT FERGUSON ALLIANCE
Ferguson Alliance is a boutique family business advisory firm in Houston, Texas.
Our mission is to help family businesses live longer by providing practical business advice from experienced advisors.
Check out our Ultimate Guide to Family Business Prosperity for dozens of resources about family business planning, succession, governance, financial strategy, team management, and leadership. No opt-in required.
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