Succession Planning Mistake Number 8- Do not plan to minimize the tax consequences arising from the change of ownership in the event of the Owner/President's disability or death. 

Has the Owner/President reviewed with the company's CPA and attorney whom the ownership of the company should be transferred upon the Owner/President's disability or death and verified that the legal documents currently in place will make that happen?

Has the Owner/President consulted with the company's CPA and attorney to identify how to minimize taxes owed as a result of ownership changes arising from the Owner/ President's disability or death? 

Click on the video from the February 2nd, 2017, Succession Planning Workshop attached to find out how to protect your business in the event of the Owner's disability or death.  Find out how the Owner/President should work with the company's CPA and attorney to make sure that the ownership of the company is transferred to the right person or persons and that taxes have been minimized to the greatest extent possible. 

To find out more about all of the top 10 succession planning mistakes made by business owners, go to You can watch a video of Bill discussing the ten mistakes and get a copy of his Workshop outline and tools to review in the comfort of your home or office. 

Succession planning is complicated. Are you getting all of your succession planning questions answered by your CPA, attorney, and financial planner? As an attorney, CPA and financial planner all in one, Bill Hesch is uniquely qualified to give you a second opinion. 

Call Bill now at 513-509-7829 for a free consultation by phone or in person. Piece of mine is only a phone call away. 

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