Comments on: What is the best way to transfer my small business to my son? http://www.oaklandcolleges.net/business/what-is-the-best-way-to-transfer-my-small-business-to-my-son Tue, 30 Nov 2010 04:03:59 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: reddevilbloodymary http://www.oaklandcolleges.net/business/what-is-the-best-way-to-transfer-my-small-business-to-my-son/comment-page-1#comment-2985 reddevilbloodymary Sat, 17 Jul 2010 01:15:59 +0000 http://www.oaklandcolleges.net/business/what-is-the-best-way-to-transfer-my-small-business-to-my-son#comment-2985 If you own a small business, then you should at some point have had to consult with a CPA and a small business attorney...this should be best handled by your attorney. If you don't have one, try calling around to see if you can get one recommended to you. Someone who handles real estate or retirement issues might be able to help as well. As with anything, if the company doesn't make any money, your 'guaranteed monthly retirement' won't always be there, so some of this rests on the fact that you believe the business will be successful enough under his command. There are never any guarantees....<br><b>References : </b><br> If you own a small business, then you should at some point have had to consult with a CPA and a small business attorney…this should be best handled by your attorney. If you don’t have one, try calling around to see if you can get one recommended to you. Someone who handles real estate or retirement issues might be able to help as well. As with anything, if the company doesn’t make any money, your ‘guaranteed monthly retirement’ won’t always be there, so some of this rests on the fact that you believe the business will be successful enough under his command. There are never any guarantees….
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]]> By: AE N http://www.oaklandcolleges.net/business/what-is-the-best-way-to-transfer-my-small-business-to-my-son/comment-page-1#comment-2984 AE N Sat, 17 Jul 2010 00:33:59 +0000 http://www.oaklandcolleges.net/business/what-is-the-best-way-to-transfer-my-small-business-to-my-son#comment-2984 Talk to you accountant for the tax implications.<br><b>References : </b><br> Talk to you accountant for the tax implications.
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