You’ve found your rising star.
Family owned and operated businesses are the bedrock of economic commerce in the United States. Many business owners would like to keep their companies in the family, but struggle with how to properly plan and transition the business to successive generations.
The advisors at Beach Financial Group work collaboratively with your CPA and attorney to utilize a myriad of strategies and tools to accomplish your goal:
- Private annuities
- Self-cancelling installment notes
- Buy-sell agreements
- Key person insurance
- Outright gift
- Estate discounting mechanisms
- Installment sale
- Grantor retained annuity trusts
There are many ways to secure the legacy of your business, but the first step is to build a sound strategy. Our team of professionals begins with a comprehensive financial and estate strategy. Once completed, an implementation strategy is outlined employing several tools to help meet your objectives as they relate to the business and all the individuals involved.