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.
The team at Bell State Bank & Trust is great to work with. We switched because of their great reputation and rates! I enjoy being able to stop at one of their locations after work – the hours are great and they have so many locations available.
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.