You Can Flip The whole Page , it's a new Advertising Technique invented by Flippy

Points for Business Succession Planning

Start now—address the issue of business succession—don’t put it off!

Call in your business planning and estate planning team: attorney, accountant, tax professional, and insurance professional.

Consider adopting corporate status—if you have not already done so—to help ensure your business will continue after your death.

With your most competent staff, decide on the most likely candidates for successor.

Once chosen, begin to train and prepare the successor to actually take over.

Determine a monetary value for each owner’s share and prepare a buy-sell agreement.

Set up a business will and perhaps trusts—include a management plan and a buy-sell agreement.

Develop an estate plan that assures the availability of cash to help pay federal and state estate taxes.

Fund the buy-sell agreement with life insurance to enable your designated successors to buy the business.

Communicate your plans to all affected parties, including family members and other heirs.

Review and update your business succession plan whenever a significant change takes place.

Retirement Planning: What You'll Need
It’s never too late. Begin preparing and saving for your retirement today! Find all the information you need to get started right here.
The Future of Your Business: Succession Planning
Find out how to protect your financial independence and the future of your business with a comprehensive succession plan. Start here.
The Cost of College
The cost of a four-year college education is daunting. So how can you build a college fund? Find out about your options here.

We are licensed in the following states. If you are a legal resident of one of these states, please proceed. We are sorry if we are unable to offer you our services at this time.

Securities: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Insurance: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

*Associated persons of Lincoln Financial Advisors Corp. who hold a JD and/or CPA license do not offer tax or legal advice on behalf of the firm.

Points for Business Succession Planning

Interesting Links