Building and maintaining a family business -- whether large or small -- can take time, money and effort, as many in Texas know. That is why it is important for many to consider how to save the family business when they begin estate planning. One of the considerations for many as they plan is any potential estate tax and how it will affect their heirs.
Posts tagged "business succession"
A lot of hard work goes into running a business. Some families run their businesses for decades with hopes that the company will be handed down to the owner's children. Sometimes franchise owners can face hassles if they don't properly plan for who is going to take over their business when they aren't able to run it anymore.