As Americans enter the "Great Wealth Transfer," with an estimated $84 trillion or more expected to pass to younger generations over the next two decades, family business owners face critical decisions regarding business succession and continuity.
For family business owners and owners of closely held businesses, this unprecedented shift in generational wealth demands proactive planning around succession, governance, liquidity and long-term growth. To help guide the business and succession planning process, Katten has developed a comprehensive e-Book, The Great Wealth Transfer: The Ultimate Guide for Family Business Succession Planning, now available for download. The e-Book delves into:
- A framework for identifying and optimizing among the principal transition paths, whether the goal is intergenerational succession, minority investment, sale to insiders or a full third-party exit;
- Key strategic, business and legal elements for family business owners embarking on a third-party sale, from assembling an advisory team through to closing;
- Actionable strategies drawn from the private equity playbook, including growth, financial sophistication and institutional governance, to help maximize enterprise value; and
- Wealth transfer and estate planning techniques, such as recapitalizations, Grantor Retained Annuity Trust and intentionally defective grantor trusts, designed to shift future appreciation to the next generation while preserving founder control and minimizing transfer tax exposure.
Click here to download, The Great Wealth Transfer: The Ultimate Guide for Family Business Succession Planning. This publication provides detailed considerations and action items for determining the future of your business, paired with in-depth context, explanations and cost-benefit analyses for each topic.
