Family Business Succession Planning

Family businesses are special gems in the community, be they centuries old or brand new. Family business succession planning is an important for any family business owner looking to ensure their company stays strong during change, planned or unplanned.

Family business succession planning can include a number of factors that surround two potential events: the sudden loss of the current owner due to death or incapacitating factors, and the planned succession from the current owner to another member of the family. Both plans should be discussed and put into place to alleviate other family members from the legal and financial issues.

PPG’s family business succession planning professionals can help you put together a full plan that addresses all of the issues that surround a transfer. This includes how stocks and ownership will change, tax implications, payouts, benefits, and other considerations. Ensure that your family business is alive and well for the next generation to take the help and call PPG to get your plan started today to learn more about family business succession planning.