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Looking Ahead

Should you sell your business? Transfer it to employees, co-owners or family members? It's a big decision. Draw on expertise from your Wealth Advisor to help select the option that's right for you.

Account for Your Family's Needs

Whether your family is involved in your business or not, your succession plan will affect them. Understand current and future tax implications of your plan. And make sure you communicate your vision to your family.

Get Assistance with Business Succession Planning

Protect What You Value

Don’t skimp on insurance for your business. A disability or loss of one key individual could be devastating. Consider key man insurance in addition to life and disability. These plans make buying or selling a business less risky and support your succession plan.

Grow, Protect and Transfer Your Legacy

Prepare a formal plan to transition your involvement in your business. Anticipate the complex legal, tax and business implications. Transferring to family members? Limited partnerships, installment sales and gifting strategies are worth exploring.

Make Plans to Transition Your Business
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This information is general in nature and is not intended to be legal, tax, or financial advice. Although Regions believes this information to be accurate, it cannot ensure that it will remain up to date. Statements or opinions of individuals referenced herein are their own—not Regions'. Consult an appropriate professional concerning your specific situation and for current tax rules. Regions, the Regions logo, and the LifeGreen bike are registered trademarks of Regions Bank. The LifeGreen color is a trademark of Regions Bank.

Banking products and services are provided by Regions Bank.