Although the employee retention tax credit or (ERTC), one of Congress’s responses to the effects on businesses of the COVID-19 pandemic, was legitimately claimed by by millions of businesses, fraudulent…
Succession Planning
W&D works with family-owned and privately-held businesses to create and execute successful exit strategies and business continuance plans into the second and third generations and beyond.Succession Planning Services for Your Business
Succession planning includes the evaluation of numerous business and personal factors. W&D’s professionals develop customized strategies to navigate an increasingly complex maze of alternatives.
Succession planning can include transferring your life’s work to family heirs, the handing down of a business to key employees, or the positioning of a company for sale. There are many considerations involved in finding the right succession plan for your situation.
We help you address issues such as restructuring the business, choice of entity, tax consequences, and retirement income projections. We are also sensitive to the many personal issues that affect any family business situation. Our goal is to structure a succession plan that meets the needs of all generations.
Our multidisciplinary team of professionals are knowledgeable and committed to helping implement a plan that will meet the needs of the company and the ownership, and also make sure that all the hard work of creating and growing a business is safeguarded.
Our succession planning services include:
- Business valuation
- Buy/sell agreements
- Tax planning
- Estate and gift tax planning
- Intra-family transfers
- Mergers and acquisitions
- Divisive reorganization
- Key employee buyout
- Minimization of estate and capital gain taxes
- Ownership and structuring control
- Retention of key employees
- Maintaining liquidity
Estate & gift tax planning
W&D has in-depth experience in estate, gift and generation skipping tax planning including trust structure and administration. Learn More.
The Idea Exchange Blog
U.S. House passes the Build Back Better Act
The U.S. House of Representatives passed a crucial part of President Biden’s agenda by a vote of 220-213 on November 19. The Build Back Better Act (BBBA) includes numerous provisions related…
2021 business year-end tax planning
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