Business Succession
Business Succession
More than 50% of businesses do not have any formal plan for how to handle the death, disability, or removal of a key person such as the founder or a c-level executive. Losing a founder can bankrupt a business, due to the debts and personal guarantees the owner may have shouldered to grow the business. Ascend Financial Group will help avoid these circumstances.
Selling your business and fearful of Capital Gains Taxes?
Talk with us about setting up a Deferred Sales Trust to beat Capital Gains issues.
Rewarding Loyalty
Another valuable consideration is how to reward employees who illustrate considerable loyalty to the company’s success. It requires more than just a periodic bonus to truly reward such team members.
Employee stock option plan (ESOP) is just one strategy. As for the key leaders and owners, strategies such as key man coverage and cross purchase agreements are strategies we help clients implement to assure the businesses long-term success.
