Morris Law Group


Why should I have a Business Succession Plan?

There are many tax and non-tax factors to consider when owning a family business. Failing to address certain aspects such as whether to sell the business during your lifetime, who will run the business when you are unable to and how estate taxes will be paid are critical factors in the successful transition of the business and family harmony.

** Disclaimer Required by IRS Circular 230** Unless otherwise expressly approved in advance by the undersigned, any discussion of federal tax matters herein is not intended and cannot be used 1) to avoid penalties under the Federal tax laws, or 2) to promote, market or recommend to another party any transaction or tax-related matter addressed.

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