8500 Keystone Crossing, Suite 555 Indianapolis, IN 46240 317-726-1714 EagleAndFein.com
PRST STD US POSTAGE PAID BOISE, ID PERMIT 411
The Founders Debated and Disagreed, but They Also Listened INSIDE THIS ISSUE 1.
2.
Creating a Vacation Vibe at Home
The Most Overlooked Part of Estate Planning Is in Your Inbox
3.
Snooze Your Way to Happiness
Cheesy Tomato-Basil Stuffed Chicken
4.
The Business Legacy You Want Starts With the Right Plan
Running a business means juggling long to-do lists, daily decisions, and constant growth. But one of the most important tasks is often pushed aside: planning for what happens when you are no longer at the helm . Whether you own a family enterprise, have partners, or operate solo, preparing for the future is one of the most valuable things you can do. BEGIN WITH A CLEAR VISION. Start by thinking about the future of your business. Will someone continue it, or will it be sold? A strong succession plan ensures ownership and leadership transfer smoothly. Depending on the business’s structure, this could involve passing the company to a family member, selling to a partner, bringing in a third-party buyer, selling to employees, or closing the business altogether. INVENTORY AND VALUATION ARE KEY. An effective estate plan includes a detailed inventory of business assets. This encompasses tangible items , such as real estate, equipment, and inventory, as well as intangible assets like client lists, intellectual property, domain names, and brand value. TRUSTS PROVIDE FLEXIBILITY AND CONTROL. Establishing a trust can be beneficial, especially for businesses with complex structures or high- value assets. They help avoid probate, streamline
the transfer of ownership, and protect sensitive business information. The business owner can set specific instructions for managing or distributing assets over time. KEEP THE CONVERSATION GOING. You must find a group of advisors to support you: an attorney, accountant, financial advisor, insurance professional, estate planning attorney, investment banker, and key managers. Once your plan is in place, it is essential to discuss it with those it affects. Honest, respectful conversations with family members, business associates, and key employees helps clarify roles and minimize surprises down the road. To help you get started, our firm offers a comprehensive Business Succession Planning Assessment designed to evaluate your current structure and uncover opportunities for stronger planning. We also host educational workshops for business owners, covering everything from asset protection to leadership transition strategies. If you are serious about securing your business’s future, now is the time to act. Contact our office to learn more about our assessment and upcoming workshops. Your business deserves more than a legacy. It deserves a plan.
SUCCESSION STARTS NOW SMART ESTATE PLANNING FOR SMALL BUSINESS OWNERS
EagleandFein.com
4
Published by Newsletter Pro • www.NewsletterPro.com
Made with FlippingBook Ebook Creator