MAKE AN APPOINTMENT TODAY! https://kkoslawyers.com/contact-us/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=pass-business-to-your-kids&utm_campaign=youtube-scripted-longform
What happens to your business when you retire, or worse, pass away unexpectedly? If your goal is to keep it in the family, this video gives you a clear, realistic roadmap to make it happen without tearing the family apart.
CPA and attorney Mark J. Kohler walks through five essential steps for successful family business succession: start planning early, choose and develop a clear leader, lock in your estate plan with a revocable living trust and a business continuation plan, equalize inheritances (often with life insurance), and craft a practical exit plan using tools like asset purchase agreements and promissory notes. You’ll learn common pitfalls, how to fund your own retirement without starving the next generation, and ways to keep peace among siblings while protecting your legacy.
If this helped, please like the video, subscribe, and comment with your biggest succession question!
CHAPTERS:
0:00 Intro
1:22 Start Planning Early
2:45 Choose the Right Leader
4:10 Estate Planning
6:44 Equalize Inheritances Fairly
7:34 Create the Exit Plan
9:34 Outro
Resources:
Interview a Main Street Tax Pro that Speaks like Mark: https://taxadvisornetwork.markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=pass-business-to-your-kids&utm_campaign=youtube-scripted-longform
Meet with a Real Lawyer on Zoom: https://kkoslawyers.com/schedule-an-appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=pass-business-to-your-kids&utm_campaign=youtube-scripted-longform
Self-Direct Your IRA or 401k- Buy a Business or Real Estate with Your Retirement Account (Directed IRA): https://directedira.com/appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=pass-business-to-your-kids&utm_campaign=youtube-scripted-longform
Keep Your LLC or Corp in good standing and Hide Your Address (Main Street Business Services): https://mainstreetbusiness.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=pass-business-to-your-kids&utm_campaign=youtube-scripted-longform
Become a Certified Tax Advisor in Mark’s Program – https://mainstreetpros.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=pass-business-to-your-kids&utm_campaign=youtube-scripted-longform
Connect:
Website: https://markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=pass-business-to-your-kids&utm_campaign=youtube-scripted-longform
LinkedIn: https://www.linkedin.com/in/markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=pass-business-to-your-kids&utm_campaign=youtube-scripted-longform
Facebook: https://www.facebook.com/markkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=pass-business-to-your-kids&utm_campaign=youtube-scripted-longform
Instagram: https://www.instagram.com/markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=pass-business-to-your-kids&utm_campaign=youtube-scripted-longform
X: https://x.com/markkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=pass-business-to-your-kids&utm_campaign=youtube-scripted-longform
TikTok: https://www.tiktok.com/@markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=pass-business-to-your-kids&utm_campaign=youtube-scripted-longform
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