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March 2020 Archives

Advantages you get with a multi-generational business

A multi-generational business is a family business in which members of two (or, in some cases, three) generations all work together. For instance, a man may start a construction company in his 30s and then bring his son on to run it with him in his 50s.

When should you update an estate plan?

Creating an estate plan is a big step toward making sure your family members are taken care of after you pass away. While some people don't like having to make these plans, they do need to take the step anyway. Failing to do so can leave their family members without the legal means to obtain what you wanted them to have.

Bringing children into your company can be difficult

Conventional wisdom says that business succession planning should start with bringing a child into your company and working alongside them. This gives them first-hand experience and you can actively teach them how to run the business well, rather than just leaving it to them when you pass away or retire.

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Newport Beach Office
1101 Dove Street,
Suite 200
Newport Beach, CA 92660

Phone: 949-945-0415
Fax: 949-945-0197
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Rancho Mirage Office
71-650 Sahara Road
Suite 2
Rancho Mirage, CA 92270

Phone: 760-776-2283
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