Business Succession Planning

The Kohn Partnership has worked with hundreds of small to mid-sized businesses to perfect their business succession planning. These plans ensure the business continues upon the death of an owner according to his/her wishes.

We pride ourselves on being able to creatively construct a succession plan that employs various complex techniques such as recapitalizations, voting trusts, equalization for non-active family members, qualified subchapter S trusts and electing small business trusts. We then plan for the funding of these transactions through life insurance and other devices, split-dollar insurance, etc. We also assist with planning for the possibility of shareholder disputes, valuation of the business and planning for conflicts of interest.

The estate tax portion of this work includes the use of specific devices such as family limited partnerships, grantor retained annuity trusts, sales to defective grantor trusts and 6166 elections.

As these issues are often complex, we encourage anyone interested in planning for the future operation of their business to contact us to schedule an appointment. After learning about your business and family situation we will be able to better gain and understanding of what services are needed.