Agriculture Succession Planning-Growing sustainable businesses since 1973
We found our start in agriculture working with owners of orange groves more than 45 years ago. Growing from a seed planted in the agriculture industry, we have been helping it grow since our inception. We partner with owners of businesses delivering products and services from farm to table, creating strategies to cultivate growth in business, family, and community. We are experts in the complexities inherent with farm succession planning decisions and developing agriculture succession planning strategies so your business is flexible and agile to respond to the constant environment of change.
We advise business owners on the 10 interdependent Succession Matrix® perspectives, to position your business for growth, to sell to a third party, or transition to the next generation. We leverage our more than 40 years of experience to provide clarity and a strong path forward when it comes to your agriculture succession planning.
What happens when you decide to take the next step towards the future you imagine…now? Business ownership by nature is risky; succession planning however creates strategies and structure to put you in control. Our team of experienced agriculture succession planning specialists are here to make your family business succession a breeze.
Resources
What Is Happening with 1031 Exchanges For Real Estate?
Currently, as of August 2021, a 1031 exchange allows a taxpayer to avoid paying capital gains taxes when selling an investment property by reinvesting the proceeds from the sale, within specific parameters, into another property(s). Up until now, this part of the tax code has been helpful to those selling [...]
Don’t Let An Old Plan Rotten Your Future
We Often Hear “I Have A Plan." At 24 I Had a Plan, probably like many of you in your 20’s. If you are 24 and reading this you may not get the “joke” but if you are at least a year older than 24, say 26, you get it. [...]
What Assets You Should Gift and To Whom?
Making gifts and considering changes in tax law is one piece of the succession planning puzzle. When working with business owners, we often find that they have had some of the best tax planning money can afford. However, when designing the plan, they let the “Tax Tail Wag the Dog” [...]
How to Gift or Sell an Asset AND Stay in Control
In our experience, business owners like to stay in control, in control of their business, real estate, and future. So, when we talk about giving something away, we generally get pushback from our clients. Ultimately, the goal from a tax perspective; is to keep as much of the wealth and [...]
Family Business: Avoiding the Kicked Hornets Nest
Hornet nests and beehives buzz with efficiency and productivity. How they operate is similar to many families and family businesses. First, each bee plays a specific role, which is either a drone or worker bee. Then, you have the Queen bee, who sets the tone of the hive and determines the role of each [...]
How to Sell An Asset and Avoid Capital Gains Tax
Many don't realize, but yes, an asset can be sold and you can avoid Capital Gains tax by leveraging an Intentionally Defective Grantor Trust, also known as an IDGIT. An IDGIT is a strategy for family businesses who want to keep the company in the family, with no interest in [...]
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The Succession Planning Matrix
The Succession Planning Matrix
Many people put off succession planning because they think it means retirement, exit, and the end. However; succession planning is just the beginning. It gives the owner options in terms of what “their next” looks like, whether that be growth, philanthropy, or a new business venture. Our process focuses are addressing 10 key areas of what we call the Succession Matrix.
Click the following link for more drill-down resources on The Succession Matrix, or check out our Facebook post.
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Contact Us
Contact Us
We can help you with insights, other resources, and see if it makes sense to work together. At the very least, in 30 minutes, you may get some ideas you can apply to your business right away.
