When It's Time to Move On
If you own a family business, the issues you face when you would like to retire include much more than not going into the office. JRM Financial Services recognizes that you've got some critical questions to answer such as...
"What will or should happen to the business when you're no longer running it?" and,
"Can you afford to retire?"
The family dynamic complicates the transition process because of the relationships and emotions involved. And, most people are not comfortable discussing topics such as aging, death, and financial affairs. But comfortable or not, making arrangements for what happens next should be a priority for any family business. Succession planning services in NJ are critical because more than seven out of ten family-owned businesses fail to survive the transition from the founder to the second generation. The most common pitfalls are estate taxes or family discord or both.
Therefore, developing and implementing a well-designed succession plan is essential for keeping a family business operating when it passes from one generation to the next.
JRM Financial Services can help you with these key issues -
What we do for you...
Once we have talked through the key issues above and we understand how you feel about them, we will begin constructing your succession plan focusing on 5 key issues...
Find comfort in knowing an Expert in accounting is only an email or phone-call away.
We will happily offer you a free consultation to determine how we can best serve you.
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