Create a succession plan
If you have a family-owned business, it may be time to consider a succession plan to pass the business on to the next generation.
From the first day I opened an account, I had personal connections with several of the people. Every time I come into the bank they make eye contact with me and call me by name. That’s what makes me feel like a valued customer.
Look to the Future
Often, the main concern of a family business is how to orchestrate the conveyance of your successful business, while maintaining peace within the family. We help you look at the "big three" issues:
- Future management
- Future ownership
- Potential tax consequences
Working with your legal and tax advisors, we offer guidance to help smooth the transition.