Leave a Significant and Lasting Legacy

Selling or gifting your company to a family member can be a great way to leave a significant and lasting legacy, transfer family values, and empower family members.

Do Not Leave Your Legacy to Chance

When it comes to your legacy, do not leave anything to chance.  Studies by the U.S Small Business Administration show that seventy percent (70%) of intra-family or inter-generational transfers fail.  To be successful, intra-family transfers require significant planning to ensure the transaction accomplishes all of your goals and that the needs of your family members are addressed.  Planning is also important to ensure that the appropriate transfer methods are used to minimize gift and estate taxes. 

Without good planning, a sale or transfer of your business to a family member can result in

• Unqualified family members holding key management positions
• Family discord as some family members feel more favored than others
• Paying unnecessary gift and estate taxes
• Key employees or managers feeling left out
• Lack of focus that dilutes business value
• A transaction that doesn’t provide you with the financial security you want in retirement

MidCap Advisors can help you make sure the legacy you leave your loved ones is a success and one of which you can be proud.

Contact MidCap Advisors to learn how we can help you craft a successful intra-family transfer and protect your legacy.