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Wednesday, April 22, 2015

Brylaw Accounting making Succession Planning more Efficient

Often when people have a family business the desire to leave the daily functioning of business in the hands of the next generation is the ultimate goal. There are still many businesses in America which has been passed along form one generation to the next carrying on the family tradition.
Also in some cases the person who had started the business may not have a any family member wanting to take over the business, in that case again you need expert advice for Succession Planning. The expert accounting lawyers at Brylaw accounting know exactly how to deal with such situation and have helped many businesses make a smooth transition.
Some of the points to keep in mind are
  • If you decide to keep the business in the family Brylaw accounting will help you weigh in the advantages and disadvantages.

  • They know how to minimize the tax and the tax burden when a transitioning is happening. One has to be very careful and must look carefully at every aspect with regards to tax.

Once these are settled Brylaw will focus on
  1. Business Valuation
  2. Business Restructuring
  3. Tax Consequences
  4. Retirement Projections
  5. Tax Projections

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