Tag Archives | business succession

business man and woman shaking hands to close business deal | handle buy-sell agreements with care | Dalby, Wendland & Co., P.C. | CPAs | Business Advisors | Grand Junction CO | Glenwood Springs CO | Montrose CO

Handle Buy-Sell Agreements with Care

Handle Buy-Sell Agreements with Care If you own an interest in a family-owned or other closely held business, a buy-sell agreement is a valuable document to have in place. These agreements specify whether — and under what circumstances — owners’ interests may be transferred. Buy-sell agreements should be planned and drafted carefully to ensure that […]

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older business man smiling

Family Business Succession and FLPs

One of the biggest concerns for family business owners is succession planning — transferring ownership and control of the company to the next generation. Often, the best time tax-wise to start transferring ownership is long before the owner is ready to give up control of the business. A family limited partnership (FLP) can help owners […]

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Small business

Choosing a Successor for Your Family Business

There’s an old saying regarding family-owned businesses: “Shirtsleeves to shirtsleeves in three generations.” It means the first-generation owner started in shirtsleeves and built the company up from nothing but, by the third generation, the would-be owner is back in shirtsleeves with nothing because the business failed or was sold. Although you can’t guarantee your company […]

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