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Transfer business ownership or remain boss? — Nonvoting stock lets you share the wealth without losing control

$225.00

SKU: IEPjj123. Category: .

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Abstract: For family business owners, estate planning can be a challenge. Often, most if not all of their wealth is tied up in the business, which creates a conflict between the desire to transfer ownership to the next generation and the desire to stay in control. One potential solution is to recapitalize the business into voting and nonvoting shares. This allows the separation of ownership succession from management succession, and can avoid conflict between children who are involved in the business and those who aren’t. As this article notes, 2012 might be an especially good time to transfer ownership.

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