I Need to Create a Family Business Legacy Plan to Avoid Paying Too Much Money on Taxes

The most common forms of business ownership are sole proprietorship, partnership, limited liability partnership, limited liability company (LLC), series LLC, and corporations, which can be taxed as C corporations or S corporations. These are all different forms of ownership and selecting the right type of business ownership varies depending on the mission and vision of the business. Request your complimentary consultation by clicking on the following link:   https://financiallegacy.live/   

This book will help you Redefining Entrepreneurial Success. Entrepreneurial success is not only about having a successful and profitable business. It is also being able to enjoy the success of the business by living a healthy and holistic lifestyle.  In this podcast, I share with you the process of creating a healthy and stress-free lifestyle by creating a healthy morning and evening routine that works for you!  Request your complimentary consultation by clicking on the following link:   https://financiallegacy.live/   

Some of the relevant questions that business owners must consider when trying to decide whether or not to invest in new technology include: Is it the right time to invest in new technology? What will it cost? How long will it take for this new technology to become a profitable investment? Is this investment in alignment with the business succession plan, family legacy, and life goals? Request your complimentary consultation by clicking on the following link:   https://financiallegacy.live/ 

Every person applying for a mortgage loan has different priorities and financial needs. In this podcast, we talk about how you can obtain a mortgage loan and to ensure a successful closing.  Request your complimentary consultation by clicking on the following link:   https://financiallegacy.live/   

The time to sell is when the business owner is ready and able to optimize the Return on Equity. Some of the business exit strategies that you as a business owner may want to consider include the sale of your business, a potential acquisition, merger, IPO, or even shutting down operations depending on the nature of your business and your overall family legacy and life goals. Request your complimentary consultation by clicking on the following link:   https://financiallegacy.live/  

In order to set up your goals for success you need to have a clear vision and mission for the business planning and continued success of your company. The business owner has to reflect on the past, look at the present and visualize the future. Your business vision and mission will be a road map for the company management, employees, and stakeholders to actively participate and execute the business succession plan. If you anticipate transferring your business to family members or employees, or if you are considering a sale of your business, it's best to start planning for the transition sooner rather than later. Request your complimentary consultation by clicking on the following link:   https://financiallegacy.live/   

If you do not create a family legacy plan and do not file your taxes on a timely basis, you will have to pay to the Internal Revenue Service (IRS) interest charges and late payment penalties. Therefore, it is highly recommended that the business owner takes time to work with trusted advisors and family members to create and implement a strategic Family Business Legacy plan to legally minimize paying taxes and provide peace of mind. Request your complimentary consultation by clicking on the following link: https://financiallegacy.live/

If you are listening to this podcast, it is probably because you too are experiencing and can relate with the family business legacy issues and concerns that most business owners experience with trying to create a family business legacy plan. Therefore, and upon your request, I am providing you with a sample of a Family Business Legacy Plan that I created for a prominent real estate business owner in New York City. Remember that every legacy plan is unique to suit the needs and requirements of the business owner and family values. Request your complimentary consultation by clicking on the following link:

https://financiallegacy.live/

Creating the right foundation for your family business legacy is a long-term project based on your values and allowing space for each generation to find their own passion. Each family member must earn their place within the organization and needs to be compensated accordingly, either with tangible or intangible benefits. Your delicate task is to regularly apply the family values and to properly train each generation according to their passion and talents and within the organization's mission and vision. Request your complimentary consultation by clicking on the following link:  

https://www.financiallegacy.live/