If you own a family business or want to sell your business, succession planning is essential. You have critical questions to answer like...
"What is the most tax efficient way to structure the deal?" and
"Will I have enough money to retire?"
The family dynamic complicates the whole transition because of the relationships and emotions involved. Many people are not comfortable discussing topics such as aging, death, and financial affairs.
Comfortable or not, succession planning should be a priority for any family business considering that more than seven out of ten family-owned businesses fail to survive the transition from founder to second generation.
Selling a business to a non-family buyer is no less complex. Deal structure, financing and tax optimization are key issues that require attention.
We help you with these key issues -
What we do for you...
Once we understand how you feel about the key issues above, we begin constructing your succession plan focusing on these 5 issues...
At Fosselman & Associates, CPAs, we've been serving the accounting needs of Palmer, AK and the surrounding areas for years. If you need help managing any aspect of your home or business's finances, we want to hear from you.
Please fill out this form and let us know how we can best serve you.
Thank you for visiting. We look forward to working together!