First Business Bank

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.

A Collection Of Articles On Business Succession

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Four Ways To Keep The Peace In A Family Business

Family disharmony can also equal business disharmony. These four tips can help keep your business...
someone presenting to a group of individuals around a table

How An Employee Stock Ownership Plan (ESOP) Works

As a generation of Baby Boomers gradually transitions from full-time work to pursue post-work...
People writing in a book

Charitable Trusts: The Benefits For Business Assets

Charitable trusts can be an excellent vehicle for doing several things that may be important to you...
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5 Common Objections To Business Succession Planning

Many business owners still refuse or delay business succession planning even in the face of statistics we...
exploring buy sell agreements with nonfamily buyers

Exploring Buy-Sell Agreements With Nonfamily Buyers

Buy-sell agreements are important because they can be used as a business succession tool, a legal...

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