Family owned businesses are central to the U.S. economy, contributing 64% of the U.S. gross domestic product, employing 62% of the workforce and creating 78% of all new jobs.1 Yet only 40% of these businesses survive into the second generation, and only 13% will still be around by the third.1 The reasons are varied, but include family conflict, failure to design a proper succession plan and federal estate taxes. To avoid a similar fate, business owners need a plan.
With the support of your accounting and legal advisors, we can help you structure and implement a plan to help achieve your objectives in the following areas:
Business succession planning, which may include dispositions during life and at death
California Insurance License #0763281
Unless otherwise identified, Associates on this website are registered representatives of Lincoln Financial Advisors Corp. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer and a registered investment advisor. Member SIPC. Insurance offered through Lincoln affiliates and other fine companies and state variations thereof. Lincoln Financial Group is the marketing name for Lincoln National Corporation and its affiliates. Firm disclosure information available at www.LFG.com.
*Associated persons of Lincoln Financial Advisors Corp. who hold a JD and/or CPA license do not offer tax or legal advice on behalf of the firm.