On August 24th, Briggs & Veselka, First State Bank and Duckett Bouligny & Collins sponsored a presentation on the tax, transition and financial considerations for the transition of closely-held businesses, the mainstay of the American economy.

This presentation discussed:

  • Understanding the value of advanced transition planning to achieve your personal and business strategies
  • Overview of transition options available to business owners
  • The expected and unexpected issues related to tax liabilities to ensure closely held businesses pay no more than their fair share of taxes related to a transition
  • The legal preparation that should take place now in anticipation of a transition even into the distant future
  • A panel discussion of lessons learned advising other closely held businesses

The event took place in El Campo, Texas at the Prasek’s Hillje Smokehouse Meeting Room.