-
Planning for the future: 5 business succession options and their tax implications
April 5, 2025
Categories: Capital Gain, ESOP, Estate, GiftTax, Succession Options
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether you’re ready to retire, you wish to step back your involvement or you want a solid contingency plan should you unexpectedly be unable to run the business, exploring different succession strategies is key. Here are five options to consider, along with some of the tax implications. 1. Transfer directly to family