Do you know how the Tax Cuts and Jobs Act of 2017 changed the tax picture for business owners like yourself? Whether your company is incorporated or closely held, you must recognize how the recent adjustments to the Internal Revenue Code can potentially affect you and your employees.
As a business owner, your company may just be your most valuable asset. So why aren’t you doing more to maximize your enterprise value?
Did you know that only 30% of family-owned businesses survive into the second generation? Or that only 12% survive into the third? These numbers from the Exit Planning Institute demonstrate the problem with a lack of succession planning. Take a look at our infographic, which illustrates the need for exit planning, and steps that owners can take to solve this problem.