If you are currently in the process of ending the business’ operations, take care of these areas to ensure your business is officially terminated with the state.
You’re not alone if you inherited the family business with no formal succession plan in place. About 64 percent of family companies don’t have a written succession plan, while another 19 percent have one “in progress.” Use these tips to find your footing after you’ve suddenly inherited the family business.
Participants in this webinar will learn pros and cons of business entity structures, how to select a business structure that leverages tax breaks, how to manage payroll, & more. Read more
Don’t let the pressure of taking over your family’s business wear on you. Instead, take steps for a smooth transition.