It’s not uncommon for parents who run successful family businesses to consider passing the company on to their children. Having built a successful business, you’re looking for the most effective way to pass it along.

While passing a business down to the next generation may seem like a noble gesture, it is rarely successful. Statistics show few businesses are successfully transferred to the next generation. Ensuring success requires experience and a well-developed and thought-through plan. US Small Business Administration stats:

  • Only 30% of family-owned businesses survive to the second generation
  • Only 13% are still viable into the third generation
  • Only about 3% are still viable into the fourth generation
With our experience working with a wide range of business owners and their net worth over the years, we know what issues complicate the process of passing on a business to family members.


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IRS CIRCULAR 230 DISCLOSURE - To the extent this website contains tax advice, such advice was not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties under the Internal Revenue Code. Further, any written statement contained herein was not written to promote, market, or recommend any transaction discussed. If you would like Hajek CPA's P.A. to prepare written tax advice designed as a covered opinion, please contact us and we will be pleased to discuss the matter with you in more detail.