Business Succession Planning

Minimize tax burden weighting on your family

More often than not, many successful entrepreneurs’ family wealth is tied to their family business. The entrepreneurs are concerned about business succession as they get older. Ideally, they often want to pass on the family business to the next generation. However, they may need to consider other options including selling the family business to a right employee or an outside investor in order to cash in and maximize the value of the family business.


Succession planning is a long-term process. Whichever path they choose, they have a lot to consider and may feel overwhelmed. We are experienced in business succession planning which we break it down in three phases:


Generally, we take the following approach to develop a business success plan which may involve an estate freeze, the use of a family trust, a life insurance program, or a non-resident tax strategy where appropriate:

Tax Planning
Business Succession Implementation


We coordinate with the client’s legal counsel to implement the business succession plan, including:

Annual Review and Update

We monitor the business succession plan year by year and adjust it for changing tax laws, the owner’s changing circumstances and personal objectives.

Tax Due Diligence