Tag Archives: business transition

Estate Tax Reduced for Maryland Farmers by “Family Farm Preservation Act”

On May 22, Governor Martin O’Malley signed into law a bill that many of you may have already heard about. Chapter 448, or the “Family Farm Preservation Act of 2012,” aims to ease the estate tax burden on the survivors … Continue reading

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Business Succession: The Handoff

Forgive me, but after three postings on this subject in which I have invoked metaphors ranging from Monopoly to Cinderella, I can no longer resist the need to appease my inner sportswriter. The transition from your direction of the business … Continue reading

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Business Succession: Mentoring your Apprentice

Continuing in our series outlining the steps to crafting an effective business succession plan, today we will highlight the basics of mentoring your CEO-elect. So you’ve finally found the foot that fits the glass shoe. What now? For starters, you … Continue reading

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Business Succession: Preparing for the Future

In my last posting, I outlined the difficulty and importance of considering a transition strategy appropriate to your situation as a business owner or executive. Today, I will explore how to go about finding someone to whom you can be … Continue reading

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Business Succession: Where do we go from here?

At its heart, estate planning is aimed at resolving one basic yet critical question: Who will become responsible for your family and their financial security when you are no longer here to be responsible yourself? This is something of concern … Continue reading

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