A family-owned business was approaching a generational transition, and the owners needed to develop a succession plan that would keep the business running smoothly while minimizing tax liabilities.
Our attorney worked closely with the business owner to structure a plan that addressed ownership transition, minimizing estate and gift taxes while ensuring that the business remained operational and profitable. The company successfully transitioned to the next generation with a clear, tax-efficient succession plan that preserved both family legacy and business value.
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