Business Succession Planning and Concentrated Stock

Whether transitioning your business to the next generation or selling your company to an outside third-party, owners must consider the impact on income, taxes and their financial security, before agreeing to transfer ownership to a family member or completing a sale to a third party. Normally, the sale involves capital, complex contracts, promissory notes and life insurance and there are ramifications on how these transactions are structured which could impact multiple generations and family relationships. Providing guidance during these times of stress is essential to helping our clients achieve their desired outcomes.

Hightower Advisors, LLC is an SEC registered investment adviser. Securities are offered through Hightower Securities, LLC member FINRA and SIPC. Hightower Advisors, LLC or any of its affiliates do not provide tax or legal advice. This material is not intended or written to provide and should not be relied upon or used as a substitute for tax or legal advice. Information contained herein does not consider an individual’s or entity’s specific circumstances or applicable governing law, which may vary from jurisdiction to jurisdiction and be subject to change. Clients are urged to consult their tax or legal advisor for related questions.