 ormal Updating and Maintenance
Should the business be passed on to a family member or key employee? How do I minimize the tax consequences and protect the proceeds of any sale?
In business, as in life, nothing ever stays the same. Change represents renewal and growth, but also stress and danger. Operating conditions, personnel concerns, organizational considerations and management methodologies all shift with distressing frequency. Legal and compliance issues, which represent a critical danger, need frequent monitoring and reporting.
As with all of our planning, we offer you and your business a scheduled process to ensure the necessary updating and maintenance. Together, we will schedule a customized process for the immediate and long-term future.
Strazzeri Mancini LLP offers a simple solution to all this. The Family BusinessCare™ Program helps entrepreneurs and family business owners stay on top of change — instead of being steamrolled by it.
A business operation is constantly subjected to the stresses of change. Operating conditions, personnel, organizational considerations and management methodologies all change with distressing frequency! Industry and market conditions, customers, competition and state-of-the-art continuously evolve! Legal and compliance issues need constant monitoring and reporting, because they represent such a critical impact when business owners don't keep up with change!
Strazzeri Mancini LLP offers a simple solution to these business concerns. The Family BusinessCare™ Program is an easy-to-use program that helps entrepreneurs and family business owners stay on top of change — instead of getting steamrolled by it! We offer periodic, usually annual, updates to the family business consisting of:
The Family Business Counselor™ Program includes:
- Hosting periodic board meetings
- Hosting periodic ownership meetings
- Documenting minutes and reports of meetings held
- Documenting "Restatement of Information" reports as needed
- Business compliance reviews
- Employment agreements for key managers and employees
- Non-compete agreements for owners or key managers leaving the business
- Non-disclosure agreements between the business and its key vendors, suppliers, advisors and contractors
- Asset Protection
Change is inevitable. It poses both dangers and opportunities.
Make sure you avoid the former and take full advantage of the latter.
The Family Business Counselor™
Remember the days of the doctor who made house calls, the friendly milkman, and the family lawyer?
The family business lawyer was much more than an attorney. He was the source of strength in times of trouble, a reliable sounding board for all manner of business concerns, and a guide for the future.
For business owners who would enjoy a more in-depth relationship with their attorney, Strazzeri Mancini LLP has brought these concepts to the 21st century with The Family Business Counselor™.
Find out more about our Family Business Planning process:
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