Rubin Wealth Advisors LLC provides an array of business succession planning to closely held business owners, integrating their business planning needs with their personal estate and financial planning needs. We fully understand the basic and advanced planning needs of our clients, paying close attention to their goals and philosophies as well as the most current tax laws in order to minimize taxes.
In most Business Succession plans there is a need for a business valuation, which can vary dramatically depending on what phase of the business lifecycle a business is in. This can be accomplished by either undergoing a formal business valuation by a CVA or an accounting firm or by undergoing an “informal” valuation using various valuation methods.
The challenge is to develop and implement the plan well before a trigger event occurs. Unfortunately, no one knows just when or how a trigger event will surface, however when it does occur (and it will) it can be devastating to the shareholder, partners and family members if not planned for in advance.
Business Succession Trigger Events:
- Retirement from Company
- Sale to Third Party
- Family Transfers of Stock
- Death of Shareholder
- Disability of Shareholder
- Withdrawal of a Shareholder
