Tax Planning for Family Business Succession

One of the central challenges facing small business owners is how to keep ownership of the business in the family. Studies have shown that less than a third of small businesses pass to the second generation and less than 5% of businesses get to the third generation. The rest end up closing their doors and squandering a great source of wealth. However, with proper planning, you can make sure that you do not end up on the wrong side of these statistics.

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