Succession Planning Archives

Buy-Sell Agreement Overview: The Main Types of Business Buy-Sell Agreements Utilizing Life Insurance

by Nicolosi PC | Apr 2, 2018 | Business, Succession Planning

Many companies engaged in succession planning will find themselves using life insurance as a funding mechanism for buy-sell agreements. There are advantages and disadvantages to this approach, but with the assistance of experienced and knowledgeable legal and...

Building a Family Business that Lasts: The Importance of Forming a Family Council to Family Business Management

by Nicolosi PC | Mar 22, 2018 | Family Business, Succession Planning

Do you own a family company? Do you hope to someday entrust it to your heirs and watch it continue its growth under future generations? You aren’t alone. In a recent survey, 88% of family business owners expressed confidence that their family company would still be in...

Building a Balanced Family Business: How a Family Council Works with a Board of Directors to

by Nicolosi PC | Feb 20, 2018 | Family Business, Succession Planning

If you have founded or share ownership of a family business, you may instinctively feel that critical decisions about the future of that business—like succession planning, strategic planning, and company valuation—belong in the family. After all, family members may...