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Business Succession Planning

Some experts say that nearly 70% of the businesses sold in the next decade will belong to retiring baby boomers. The estimated value of these businesses represents approximately $10 trillion in personal net worth.

Perhaps one of the biggest challenges these owners will ever face will be what to do with these businesses when it is time to retire or move on to the next stage of life. The process of choosing and implementing a plan can be difficult and there are many ways to approach the development of the succession plan.

We have assisted many clients with their succession plans. The issues they often face are:

  • Considerations in leaving the business within the family or an outside sale
  • Considerations in addressing a buy/sell agreement among owners
  • The issues that may arise if the business must be sold
  • Income, gift, and estate tax considerations

McIntee Fusaro & Associates, LLC

277 Fairfield Road, Suite 300
Fairfield, NJ 07004
T - 973-882-0300
F - 973-882-0085

Home | Partner Profile | Staff | Business Services
Non-Profit Organizations | Forensic Accounting | Tax Compliance and Planning
Business Succession Planning | Employee Benefit Plan Audits | Peer Review
Calculators | Tax Tip of the Week | Financial Tip of the Month
Fraud Alert | Tax Legislation
 
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