Episode 28 - Essential Estate Planning for Business Owners with Steve Parr
This week, Nicole and Greg welcome Steve Parr, a lawyer and founder of Parr Business Law, to discuss estate planning for business owners. Steve emphasizes the importance of addressing succession planning, incapacity, and death to ensure business longevity. He outlines key components of a succession plan, including identifying successors, training, business valuation, and essential legal documentation. The conversation also covers various exit strategies and tax planning tools like estate freezes and life insurance. Steve encourages early planning and collaboration with knowledgeable advisors…
The skinny
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