Business Succession Planning Publications

Knox Law attorneys publish articles relating to each year's Professional Advisor Symposium topics, some of which are included here.

*Each article is accurate as of October of the year indicated next to each title. The articles may not have been updated for current law since the posting date.

*These articles are not intended to provide any legal advice. Please seek advice of your professional council. Any U.S. federal and state tax advice contained in this communication is not intended or written by Knox Law to be used, and cannot be used by you, for the purpose of: (i) avoiding penalties under the Internal Revenue Code that may be imposed upon you, or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.

*Please contact the attorney(s) (authors) for further clarification.

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Business Succession Through Deferred Compensation

A nonqualified deferred compensation plan is not your ordinary succession plan; however, it can function as a succession planning tool designed to reward past performance, attract and retain key employees, and/or supplement other retirement savings. This article identifies at least three deferred compensation arrangements aimed to ease business succession.

The Family Private Equity (or Enterprise) Model: When The Epiphany Occurs

The idea of business succession planning for family-owned businesses has changed in recent years. In the past, it was assumed a child would one day take over the business from their parent(s). Now, however, that assumption has changed for a number of families. It is rare to see a business run by a second- or third-generation family owner.

MaxProtect Plan®: The Perfect Plan for Your Son/Daughter

The MaxProtect Plan uses ordinary tools to produce extraordinary asset protection and tax savings, so it is a must-consider plan for all businesses and those leaving gifts to children and/or grandchildren.

The Family Private Equity (or Enterprise) Model: A New Solution for a New Generation of Family-Owned Businesses

Learn how to preserve your best investment with a family corporate governance model, using professional management and independent directors.