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Business and Business Assets | |
Closely held and family businesses require expert planning when the goal is to have family members continue to own and operate them beyond the founding generation. The interpersonal relationships of the founding generation, the second generation, and third generation will be critical factors in planning the succession of the business. Business ownership regulations, taxation, intergenerational transfer issues combined with interpersonal relationships make business succession planning the most complex issue a family may ever face.
The planned giving office of the Museum has assisted families and their businesses in finding solutions that work in successfully planning for the succession of the family business.
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