By Jeffrey R. Lalama | Published July 15, 2018 | Posted in Business Services | Tagged Tags: business entity filings, business succession, tax implications of selling a business | Comments Off on What Could Happen If My Small Business Does Not Have a Succession Plan?
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What Could Happen If My Small Business Does Not Have a Succession Plan?
Family businesses meant to last forever are best served by having plans in place outlining how the current ownership hopes things will be run in the future. When succession planning and other contingencies are mapped out ahead of time, a family-owned small business can be more easily transitioned when the current ownership retires. In Pennsylvania, Read More
Read MoreA Will Is Critical When You Own a Business
When you own a business, it’s critically important to have a will to protect your wishes and ensure you have a sound succession plan in case you pass away before you retire or sell the company. With a will, you can specify the individuals you would like to inherit your assets and property, including your Read More
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