Succession Planning Archives | Hutchinson and Bloodgood LLP

Planning for the future: 5 business succession options and their tax implications

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March 17, 2025

When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether you’re ready to retire, you wish to step back your involvement or you want a solid contingency plan should you unexpectedly be unable to run the business, exploring different […]

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Succession Planning

ESOPs can help business owners with succession planning

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December 4, 2024

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Devising and executing the right succession plan is challenging for most business owners. In worst-case scenarios, succession planning is left to chance until the last minute. Chaos, or at least much confusion and uncertainty, often follows. The most foolproof way to make succession planning easier is to give yourself plenty of time to develop a […]

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Succession Planning

Timelines: 3 ways business owners should look at succession planning

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May 29, 2024

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Business owners are rightly urged to develop succession plans so their companies will pass on to the next generation, or another iteration of ownership, in a manner that best ensures continued success. Ideally, the succession plan you develop for your company will play out over a long period that allows everyone plenty of time to […]

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