Is Your Business Held Back By Outdated Strategies?

2021-08-11T12:09:46-05:00By |Multi-Unit Franchising, Succession Blog|

Feelings, perspectives, attitudes, and goals change at a drop of a dime. What were your priorities and strategies 18-20 months ago before the Covid chaos started.  Could you have envisioned where you and your business would be today?  Perhaps there are things you recognize you were not prepared for or something you would want [...]

How to Gift or Sell an Asset AND Stay in Control

2021-08-11T12:08:50-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Podcast, What is Up With President Biden's Tax Proposals?|

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 [...]

How to Sell An Asset and Avoid Capital Gains Tax

2021-08-11T12:06:10-05:00By |Advisor Collaboration, Automotive, Succession Blog, Succession Podcast, What is Up With President Biden's Tax Proposals?|

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 [...]

Succession Planning for the Meat Business

2021-07-29T14:01:25-05:00By |Agriculture, Succession Blog|

Jéan Venant shares insight on how to navigate the succession planning process and how to prepare the new owners for leadership positions.The webinar covers:Handling the financial aspects of a succession planMaintaining fairness when a business is transferred to multiple siblingsPreparing the next generation for new responsibilitiesSuccessfully preparing for retirementClick the following link to listen to [...]

Episode 1: Landing the Rockstar Whose Worth More than “The Offer

2021-07-16T13:31:03-05:00By |Advisor Collaboration, Automotive, Innovative Recruiting and Retention Strategies, Succession Blog, Succession Podcast|

Recruiting and retaining the best talent for your organization does not necessarily revolve around the compensation package itself. Employers need to be strategic and innovative in building packages that motivate the candidate to consider the offer. Considering things outside of the salary and bonus norm and communicating is critical. In [...]

What Will Your Estate Planning Produce – Gratefulness or Resentment?

2021-07-02T10:19:56-05:00By |Automotive, Succession Blog|

As of July 2021, the lifetime exemption is $11.7M per person and $23.4M per married couple. However, we expect a significant reduction in the lifetime exemption due to President Biden's tax proposals, if not this year, then no later than December 31, 2025. As a result, common questions we are hearing are: How will [...]

How Much Should You Pay Your Family as Employees?

2021-07-02T10:20:19-05:00By |Multi-Unit Franchising, Succession Blog|

When your family are employees, understanding how much to pay them is complex.  There are no secrets within a business. Believe it or not, your employees will find out if a family member is being overpaid and resent them (and you). Family in the business have formidable challenges just doing their job and earning [...]

Motivating Family Members To Want To Join The Business

2021-07-02T10:20:56-05:00By |Multi-Unit Franchising, Succession Blog|

Behaviors and attitudes extend beyond the business.  How you treat people correlates to their positive or negative involvement with you, your business, and your brand. Following are simple questions to identify the impressions you are creating: Have you created a culture where everyone is encouraged, respected, and provided growth opportunities? Do family dynamics enter [...]

50/50 Is Not Always Nifty: Partnerships that Don’t Work

2021-07-02T09:24:27-05:00By |Succession Blog, Video|

In Marvin Storm's Business Exit Strategies Podcast Episode titled: "50/50 Is Not Always Nifty – Partnerships That Don’t Work, Champ and Loyd Rawls share 4 different stories illustrating the potential, possible and probable issues impacting the ongoing success of the business.  Highlights include: The CONTROL Rod: A family operation with three [...]

What is Changing In the Areas of Estate Tax?


Planning Opportunities To Take Advantage of Now


Leadership in Uncertain Times

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