When the Kids Don’t Want to Take Over

If you didn’t have time pressure, how might your planning change?

By Ed Mendlowitz
Call Me Before You Do Anything: The Art of Accounting

I had a client who had five sons and three daughters who worked in his business. Their ages ranged from 28 to 48. I was helping him with exit planning and suggested that I could possibly structure a transaction where either some or all of his children could buy his business.

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He liked the idea and I told him to meet with them and suggest it.