The COVID-19 pandemic has been hard on everyone, but especially difficult for women-led businesses. Here’s what may be in store for the recovery period ahead.
Whether your business is new, or generations old, it’s never too early to start thinking about your exit strategy. After all, even if you love what you do, you probably don’t want to do it forever. Jeff Halpern, Business Succession Planner with TD Wealth, joins Kim Parlee to dispel four myths about business succession.
Think you need to be retired to think about estate planning? Truth is, there are some real benefits to getting an early start. Here’s a checklist of things to consider, to make sure you’re ready and able to provide for your loved ones, no matter what age or stage of life you’re at.
It’s common for siblings or family members to take over a family business. But what happens when the day-to-day management threatens to strain family relationships? Jeff Halpern, Business Succession Advisor with TD Wealth, joins Kim Parlee to discuss some tools you can use to manage disputes, including shareholder agreements, buy-out arrangements and more.
Many business owners look forward to the day when their kids take over the family business. It can be the beginning of a lasting legacy for the family. But as retirement nears, those parents will also realize that passing down the business could result in a cash crunch down the road. Jeff Halpern, Business Succession Advisor with TD Wealth, joins Kim Parlee to discuss some ways you can structure the transfer or sale of your business to fund your retirement.