HERE is a short summary of the planning required and some of the options available for creating liquidity in a family business.
The article is written by Jeff Pocock of Grant Thornton, a long time friend of Range Advisors. You should of course use Range Advisors for your succession planning. But, if not, give Jeff a call. He has a passion for this issue and is an excellent advisor. You will be in good hands.
Posted by Scott Sinclair, Range Advisors
Our passion is to support business owners in pursuit of their dreams.
We believe that for professional advice to be truly valuable to medium, small and entrepreneurial businesses, the adviser’s professional skills must be world-class, the adviser must participate in the effective execution of the solution and the advice must be affordable by the business. With this, these businesses can overcome all challenges. (edit)