A business Succession is used by business owners to transfer a company to another individual without requiring an outright sale. A business sucession is a useful tool for estate planning and or tax planning. A business succession will alow the owners to transfer their interests in a business through gradual transfer of the company to others. A business succession can be used with an LLC, Corporation, S-Corporation and any other form of business. If you have a business that you would like to pass on to one or many family members gradually you should contact me to discuss your options for business succession planning. A business succession are a great way to pass on your business to your family and mitigate tax consequences.
Additionally, a business succession will alow you to reduce your control over a company at the rate you desire.