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Saturday, September 14, 2013

Death and Taxes: Why Business Owners Need to Plan the Succession of their Estates and Businesses

I recently found this blog post from Christopher J. Marr of the law firm of Stewart and McKelvey. It gives a good, clear explanation of how estate planning and business succession planning go hand-in-hand. Business owners often miss the boat when it comes to planning how and when they plan to exit their business, leaving both their family and their business in turmoil. Click here to read the article.

3 comments:

  1. Presently in Canada, the Canada Business Corporations Act and recent case law is consistent with the U.K. equivalent. The fiduciary duties of directors are owed to the corporation itself.

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  2. Owners need to plan the succession for their businesses so that they will be ready for the future. Things that might happen when they're already successful. When they're successful, it doesn't mean that they already got what they want. It may just only be the beginning of their plans. Corporate lawyer philippines

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