According to the Conway Center for Family Business, family businesses account for 64% of the U.S. Gross Domestic Product (GDP), yet 57% of family businesses have no formal succession plan. 1 While the ...

Many of the strategies used in estate planning are integral components of proper business succession planning. These strategies and tools are designed to ensure the seamless transfer of assets, wealth ...

Smart succession planning helps small business owners preserve legacy, protect jobs, and create long-term community impact.

There are many different kinds of small business owners in all stages of their business. Some have just started putting their ideas into action in a startup, while others are in the growth stage or ...

Why is estate planning important for business owners? Estate planning is important because business owners are relied upon by not only their families, but also by employees, customers, vendors and ...

As a kid, I remember my dad--the quintessential methodical, organized engineer--sitting me down at the kitchen table for his favorite bi-annual lecture: "Planning For Your Future." His yellow legal ...

So you want to open or grow a small business, but where do you start? One of the first things a bank is going to ask you when you apply for a loan is whether you have an up-to-date business plan. The ...

Boost efficiency and accuracy in logistics, data analysis, forecasting, and more Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, ...

Preparing for the future, especially from a financial standpoint, is crucial for all businesses. Companies need to forecast their revenue and expenses to ensure they remain profitable. Budget planning ...

Despite their reputation, traditional defined-benefit (pension) plans can be a valuable tool for small-business succession planning. Defined-benefit pension plans are often associated with unions and ...

Successfully planning and executing a conference or event requires a business team to consider both the macro and micro ...