Treat Your Real Estate Business Like a “Real” Business"

Sponsored by Christian Rovsek, CEO of Ranch & Coast Investments and Presented by David Jacobs, Partner at GHJ Inc. Overview: -Business Continuity -Asset Protection -Control -Liquidity -Estate Taxes Questions every family business owner needs to ask: -How much is the business worth? -Will there be sufficient cash or liquid assets to pay estate taxes? -Does your family want to sell or retain the business? -How can you equalize inheritances between children who are active in the business and those who are not? -Are there partners who may want to buy your interest? -What employees or family members can run the business if you should die or become incapacitated? -Should you sell or transfer the business to your children now or later? -How can your family retain the value of the business and ensure its continuity? -Are you concerned about the effect that claims against your business could have on you personally? PASSING WEALTH TO THE NEXT GENERATION: -What are your personal feelings about transferring wealth to the next generation? TRANSFERRING VOTING CONTROL TO FAMILY -At what time would you pass voting control of the company to the next generation?