A Strategic Approach to Succession Planning – How To Create a Family Business Succession Plan

Reading Time: 5 minutesFamily businesses are a cornerstone of the US economy – contributing significantly to generational wealth, job creation, and local markets. One challenge all family businesses face is succession to the next generation. Without a thoughtful and well-executed succession plan, even the most successful family enterprises can struggle to transfer the business to the next generation. Creating a sound succession plan not only ensures that the family business continues to thrive, but that it also preserves profitability, family harmony, and legacy.  According to an Ernst & Young Global Family Business Study,…

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Why Your Business Should Add This Wellness Benefits Program

Reading Time: 5 minutesWellness benefits plans that are set up as an indemnity‑style program within a Section 125 pre‑tax cafeteria plan offer many powerful benefits. These programs can be setup side-by-side with your current benefits programs and offer the following noteworthy advantages: (i) improved talent acquisition & employee retention, (ii) ongoing payroll tax savings, (iii) clear, predictable costs, (iv) simple administration, (v) high employee participation, and (vi) enhanced employee & company health ROIs. This article summarizes the above-mentioned benefits along with the details of the impressive features of today’s employee wellness benefits programs.  …

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