By John Even | Published February 15, 2014 | Posted in Business Law |
From the Family Business Institute about business succession planning: “88% of current family business owners believe the same family or families will control their business in five years, but succession statistics undermine this belief. Only about 30% of family businesses survive into the second generation. 12% are still viable in the third generation, and only Read More
Read MoreMost people think that trusts are only for the Kennedys or the Rockefellers, or families like these, but not for them. However, there are lots of reasons why a trust may make sense for you and your family. Here are the top 7 reasons why you should consider a trust: First, a revocable living trust Read More
Read MoreHas the time come for you to move on? What does that mean for your business? Many factors determine whether a business succession plan is necessary for you and your business, and sometimes the logical choice is simply to sell your business. However, many owners would like to have their business continue on and be Read More
Read MoreWhat is Probate? The word probate comes from the Latin word “provar” which means to prove. Historically, probate was the process of “proving” that a person’s will was authentic after he or she (defined by the Arizona Probate Code as the “decedent”) passed away. Today, the word probate has a much broader meaning to describe Read More
Read MoreNow that you’ve done it, you want to make sure that you pass it on without losing any momentum in the transition. While most businesses do not survive long after a change in leadership, others have thrived. I can help you to establish a business succession plan that will ensure your business’ continuation and maximize Read More
Read MoreHappy Birthday, John Even. The partner with the law firm Schmitt, Shneck, Smyth, & Herrod celebrated his 41st birthday in a different way on Thursday. He invited about 50 people to a party at the Society of St. Vincent de Paul’s Dan O’Meara Center. They toured the facility, where the non-profit organization processes donations, offers Read More
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