Do you have a business that you nurtured and grew for many years? Perhaps you have one or more children in that business who have worked hard to contribute to the bossiness growth. Perhaps you have one or more children who are not involved in the business on a day-to-day basis. The business is probably one of your largest assets.

Who do you want to control the business after you are gone, the children who worked with you to help it grow, or the non-business-children who were left a part of the business as an inheritance? Will your children's bequest help them grow together and prosper as siblings, or will it cause them to grow apart as conflicts arise over the management and income of the business?

At Goldwasser & Company, we have seen families who have tried to resolve this type of an issue by passing the business to the children working in it, and passing the real estate from which the business operates to the non-business-working children. This almost always leads to strife and often legal action.

We have helped business owners design structure and fund business transition plans that allow them to treat all their children fairly. And as parents, we know that “fairly” does not always mean “equally”. We can do this without tying the hands of the children that should be the voice behind the businesses growth.

Planning for Business Transition? Keep it or sell it? You should make that decision. Often your lenders or the IRS force you to act earlier than you wish, before you are ready. The result may be a below market price when you are forced to sell or liquidate. We want you to have control. Our guidance and the assistance of qualified legal council can help you choose the right plans and the right decision.