Business Succession Planning

Business Succession Planning

As many privately-owned businesses mature, the owners and/or original founders are often confronted with the task of facilitating the orderly and tax-efficient transfer of their companies with minimal disruption to the business operations.

Whether the transfer will occur to a family member, key person, partner, or unrelated party usually requires advanced planning.

There are many ways to help secure the legacy of your business, but the first step is to build a sound strategy to meet your individual situation.

Pacific Coast Wealth Strategies works collaboratively with business owners and their tax and legal professionals to utilize a myriad of strategies and tools to accomplish your goal:

Funded Buy/Sell Agreements

Legally binding contract that establishes under what conditions, to whom and at what price an owner, partner or shareholder can or must sell his or her interest in the business. Often, these agreements are funded with permanent life insurance because it can protect your business and your family throughout your life, while providing assurances that your business will continue on your terms.


Key Person Protection

Key person protection is simply life insurance on the most important person or people in your business – those who play a critical role in keeping your business running as it should.

Installment Sale

This is a way to generate tax preferred income during the transition of your business to another party.

Outright Gifts

Sometimes, a gift of your business interest to family or various types of trusts may be the right choice for your succession and estate planning goals.

Grantor Retained Annuity Trusts

This a popular type of trust that can help minimize taxes on transfer of your business interest.

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Securities offered through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA, SIPC (Equitable Financial Advisors in MI & TN). Investment advisory products and services offered through Equitable Advisors, LLC, an SEC-registererd investment advisor.  Annuity and insurance products offered through Equitable Network, LLC, which conducts business in CA as Equitable Network Insurance Agency of California, LLC, in UT as Equitable Network Insurance Agency of Utah, LLC and, in PR as Equitable Network of Puerto Rico, Inc

Equitable Advisors and its affiliates do not provide tax or legal advice. Individuals 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. The information in this website is not investment or securities advice and does not constitute an offer.

Pacific Coast Wealth Strategies is not a registered investment advisor and is not owned or operated by Equitable Advisors or its affiliates.

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PPG-143494 (5/19) (Exp. 5/24)