Strategies for Tax-Efficient Business Succession Planning

ARTICLE | June 23, 2025

Planning a smooth exit from your business is a significant milestone. It involves considerations beyond day-to-day operations, especially when you want to pass on your enterprise to the next generation. Now is an optimal time to explore strategies that can ensure both a seamless transition of leadership and a tax-efficient transfer of business ownership. By acting early and selecting the right option—whether by giving shares outright, partially selling and then gifting, or leveraging a favorable tax landscape—business owners can help preserve financial security for themselves, their heirs, and their family legacy.

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