Planning for the future by having a succession plan in place for a small business is an important step to take. By creating a business succession plan, business owners can effectively plan for the future and develop a sound strategy to meet their unique needs and...
Business Succession
Some legal documents can multi-task as succession plans
Unlike the drafting of a simple will, creating a business succession plan is not just a matter of putting together a single document or even a handful of papers. Rather, business succession involves a lot of careful thought, because the overall plan has to cover a lot...
Family businesses need a solid plan in order to last
Although the backbone of Ohio’s economy is arguably small, family-held businesses, the statistics show that relatively few family businesses successfully make the transition to the next generation of owners. For instance, fewer than 1 out of every 3 family businesses...
Considerations in choosing a business successor
As an Ohio business owner, you have probably grown accustomed to your company playing a massive role in your day-to-day life. One day, however, you will undoubtedly want to step away from that business, whether to retire, spend more time with family or what have you....
Making sure your wishes are carried out
As a business owner or C-suite leader, you probably have different concerns than the average person when planning your estate. For example, you probably hold assets throughout Ohio, the USA and internationally. In fact, the complexity of even the simpler business...