The transition - Succession for the business and discussion of planning with multiple entities

Rachel Armstrong ( November, 2024 )

Summary

The multiple entity strategy for the farming couple who is 10 years out from wanting to retire, and they're trying to find a farmer to take over their enterprise. Another common succession strategy is similar to installment planning, but involves multiple business entities. This is helpful in many situations, including where the large assets such as land, make it difficult for incoming farmers to purchase the business for its full value rather than deeding land to the farm's business entity.

Go To This Material

Details