Sorry Kids, You Are Not Getting the Family Business
Family businesses have long been romanticized as legacies handed down from one generation to the next.
However, the reality is far more complex, and many business owners decide that transferring operations to family members simply isn’t the best path forward.
In our latest blog (available at the link below), we explore the reasons business owners may not want their families to inherit the business, strategies for fair distribution of wealth when not all the kids will be getting a share of the business, and the importance of buy-sell arrangements, especially in light of the recent Connelly decision from the U.S. Supreme Court.
At C3 Financial Partners, we collaborate with clients and their advisors to help ensure their plans for their business are carried out per their wishes, whether that be to their family or otherwise.
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IRS Applicable Federal Rate Update
The latest AFR rates have been released and this month, we saw a rise in each of the short-term, mid-term and long-term rates. To see the updated rates, head to the link below.
And please note – you can access the link on our homepage to check current and historic AFR rates at any time!
See The AFR Report
Happy Thanksgiving!
During this Thanksgiving season, we are grateful for all of you – the amazing clients and partners we have the privilege to work with every day.
From everyone here at C3 Financial Partners – we wish you and your family a happy Thanksgiving!
Securities offered through Valmark Securities, Inc. member FINRA, SIPC. Investment advisory products and services offered through Valmark Advisers, Inc., an SEC Registered Investment Advisor. Representatives may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed. C3 Financial Partners is a separate entity from Valmark Securities, Inc. and Valmark Advisers, Inc.
The information presented here is for educational purpose only and is not intended to provide specific advice or recommendations for any individual nor does it take into account the particular investment objectives, financial situation or needs of individual investors. This material is not intended to provide and should not be relied on for tax advice. Any tax advice contained herein is of a general nature. You should seek specific advice from your tax professional before pursuing any idea contemplated.
