Business Succession Planning Archives

Details Matter

April 30th, 2024

Do you and your business partners have a buy-sell agreement? If so, do you pay attention to its requirements? The U.S. Supreme Court recently heard arguments in Connelly v. Internal Revenue Service, a dispute over the value of a closely-held corporat… Read More

Categories: Blog, Business Law, Business Owners Agreements, Business Succession Planning, LeClair L. Flaherty - Attorney, Now You Know It

The Success in Succession

July 25th, 2023

Contributor: Heather B. Miles

Succession planning for family businesses is a crucial but often overlooked part of planning for the future. Having a plan in place that outlines how the business will continue to operate, even as ownership and leadership changes, is essential for th… Read More

Categories: Blog, Business Law, Business Planning, Business Succession Planning, Heather B. Miles - Attorney, Now You Know It

All in the Family

September 14th, 2021

The U.S. Chamber of Commerce indicates that there are 5.5 million family businesses in the United States. They account for 57% of gross domestic product and employ 63% of the workforce. For business owners, family and business are top priorities. Bus… Read More

Categories: Blog, Business Succession Planning, Heather B. Miles - Attorney, Now You Know It, Owning a Business

In Succession

October 27th, 2020

Business owners often think about what might happen to their company upon death, disability, or retirement, but some owners find it difficult to take the time to work through different scenarios and decide upon a workable succession plan. Generally,… Read More

Categories: Blog, Business Law, Business Planning, Business Succession Planning, Heather B. Miles - Attorney, Now You Know It

Agreement to Agree is No Agreement

April 19th, 2016

What happens when parties in a business negotiation “punt” a difficult decision down the field to a later day? Rather than finalize terms on an important issue, they simply pledge that they will “agree to agree” at some point in the future. O… Read More

Categories: Business Law, Business Owners Agreements, Business Planning, Business Succession Planning, Contract Disputes, Disputes & Business Litigation, Now You Know It

What’s Trending in Your Workplace?

June 4th, 2013

The Society for Human Resource Management (SHRM) publishes a biennial survey of human relations professionals and recently came out with its 2013 edition. SHRM’s “Workplace Forecast” includes the ten overall key issues that HR professionals fee… Read More