Why Now Is The Time To Transfer Your Family Business To The Next Generation

For the last three years in this space, I’ve promoted transferring family businesses to the next generation through sale rather than gift. Repeatedly, I’ve said the economic conditions for such a transfer seemed to be as good as they could possibly get. Interest rates and tax conditions have made it highly advantageous. A loan can be pegged at an extremely low, fixed rate, and there are legitimate tax strategies that can minimize costs.