Business Succession

Whether you are the owner of a multinational corporation or a mom-and-pop corner store, your business is a significant asset for you and your family. As such, you need to devise a strategic succession plan for your business. Your business succession plan does not...

Let’s take a moment to talk about a blunt truth that all family business owners have to face at some point: Most of these businesses do not have long term success. You can find counter-examples. For instance, the Amway multi-level marketing company was started by...

Business owners in Massachusetts and New Hampshire spend little time thinking about a future when they no longer operate their companies. Unfortunately, this means that most company owners lack a business succession plan. For those who have no children or have kids...

You started the business you own from nothing. Maybe, like so many famous companies, you started in your garage. Now your company is worth millions. You hope to pass it on to the children and see them make it even bigger and more successful, given the advantage they...

Owning a business in Massachusetts in not uncommon. Whether it is a family business that has passed down from generation to generation or a business that was recently established, there are important business decisions that must be made. These are not always the daily...

There will be a time in every Massachusetts business owner's life when leaving his or her company behind is a want/need. Waiting to figure out how to pass on one's business until the last minute is not the wisest decision. The simple truth of the matter is, the...

It is impossible to know what life is going to throw at you. You can be sailing along just fine, running your business and living large, and then the next minute, your world can be turned upside down with a devastating medical diagnosis. If you were recently diagnosed...

Successful business owners in Massachusetts and elsewhere are proud of what they have created, and enjoy spending their time continuing to grow their companies. It is a stressful and time-consuming task, however, which may leave some business owners little time to...

Once people choose a business successor for their Massachusetts company, they may think their business succession plan is complete. However, it is also important to make sure this successor will be ready to do the job. It is a good idea for business leaders to train...

Most business owners in Massachusetts not only want their companies to thrive while they are in control, they also want their hard work to continue to benefit their families and employees after they are retired or pass away. For these reasons and numerous others,...