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Business Succession

Enlighten Magazine - Issue 4

Discover insights from Enlighten, also a semi-annual print magazine, developed by First Business Bank's Private Wealth team. Each edition features articles with wealth-building tips and techniques, offering strategies and stories to help you achieve your own idea of financial success.

Valuable Tips and Stories on Succession Planning

Articles from this insightful issue of Enlighten magazine cover essential succession planning considerations, including guidance on keeping family harmony in a family-run business, details about how employee stock ownership (ESOP) plans work, how to use charitable trusts as part of a succession strategy, and buy-sell agreements with non-family buyers. Articles also outline common objectives to keep in mind when planning business succession. Authored by the Private Wealth team's knowledgeable professionals, this edition delivers valuable insights to help readers navigate the complexities of succession planning and position their businesses and families for continued success.