Dunn Rush & Co. LLC’s Post

Family Ties and Finance: Valuation of Family Businesses Family businesses embody a unique blend of personal relationships and financial endeavors, creating a complex tapestry that demands a nuanced approach to valuation. In this article, we explore the intricate dynamics of valuing family businesses, where blood ties intersect with balance sheets, shaping the foundation and future of these enterprises. Read more.. https://lnkd.in/dNunfhtb #andersenEgypt #andersen #lawfirm #taxfirm #financialadvisory #lawyers #egypt

Family Ties and Finance: Valuation of Family Businesses

"Take a thoughtful approach to your family business ownership in 2024." This was the advice I gave to one of my clients early this year when we did our annual reviews. Family business ownership is more complicated than it seems. The way that ownership is structured has implications for taxation and asset protection. In addition, family business owners must reassess governance issues as each new generation comes of age, because decision making becomes more complex as the family ownership group expands. Key questions to consider include those around tax, assets and succession. Like my client, I encourage you to consider these areas and the implication on how your family business and assets are owned because it's important to how your wealth will be transferred. Is this an area of interest for you? Feel free to engage with me to discuss more or ask me questions. #familybusiness #familywealth #familyoffice

Valuations are a helpful tool in the gifting context as owners prepare for exit. A valuation enables wealth to transfer from one generation to the next in a tax-smart manner and satisfies the IRS’ requirement for adequate disclosure of assets. Read more about how a business valuation can be used as an essential support tool for gift & estate planning in this blog post from Holly Rook. #businessvaluation

Valuations are a helpful tool in the gifting context as owners prepare for exit. A valuation enables wealth to transfer from one generation to the next in a tax-smart manner and satisfies the IRS’ requirement for adequate disclosure of assets. Read more about how a business valuation can be used as an essential support tool for gift & estate planning in this blog post from Holly Rook. #businessvaluation

Valuations are a helpful tool in the gifting context as owners prepare for exit. A valuation enables wealth to transfer from one generation to the next in a tax-smart manner and satisfies the IRS’ requirement for adequate disclosure of assets. Read more about how a business valuation can be used as an essential support tool for gift & estate planning in this blog post from Holly Rook. #businessvaluation

Valuations are a helpful tool in the gifting context as owners prepare for exit. A valuation enables wealth to transfer from one generation to the next in a tax-smart manner and satisfies the IRS’ requirement for adequate disclosure of assets. Read more about how a business valuation can be used as an essential support tool for gift & estate planning in this blog post from Holly Rook. #businessvaluation

In our last two weeks, we’ve talked about the different parts of planning for business succession. In our first article, we talked about the operational preparations that must be made. Then last week, we started discussing the financial implications of business succession, including valuations of the business and any real estate interests. In our final piece of business succession planning, we’ll talk about financing of the ownership transfer. https://lnkd.in/erNrdHq2

CEOs, Founders, Entrepreneurs, Pre-liquidity and Next-Generation Innovators, and High-net-worth individuals like you face unique challenges in financial planning, especially around the topic of tax strategies. Park City Wealth Advisors implements tax minimization strategies to combat some of these challenges. Through collaborative conversations with our clients and our network of professionals, we determine a shared vision of your financial objectives. Based on your unique needs, goals, and risk tolerance, we work side by side with your accounting professionals to explore, audit, and implement the latest tax regulations and deferral strategies. Inside your investment accounts we will develop diverse, tax-optimized portfolios that complement your physical investments such as real estate or privately held businesses. You don’t know what you don’t know, and this is where our combined years of experience comes into play to benefit you. #TaxStrategies #FinancialPlanning #HighNetWorth #WealthManagement #TaxMinimization

Does your estate plan include provisions for your family business? While there are different requirements for estate and succession planning, they are closely related in family businesses when a significant portion of the owner’s wealth is tied up in the business. Here are a few key things to consider: 🖊️ Transferring assets to the next generation (the sooner, the better, as this removes future appreciation on your estate—which translates to higher estate taxes) 🖊️ Establishing an employee stock ownership plan (ESOP), which is a trust whereby cash can be used to buy shares from the company founders 🖊️ Using non-voting stock to transfer ownership to the next generation. 🖊️ Creating a trust or family-limited partnership for the business interests. 🖊️ Separating ownership and management succession 🖊️ Addressing liquidity needs 🖊️ Starting estate planning early—if you want to reduce your estate tax liability, it’s important to start your estate planning now. Have you been meaning to get around to creating or updating an estate plan? Secure the services of specialized financial advisors who can assist you in estate planning with a family business. Send us a message to schedule a consultation. #EstatePlanning #FamilyBusiness #SuccessionPlanning #FamilyOffice #FinancialAdvice