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Watson Tax Law Group, APC
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It’s easy to make mistakes when you’re a first-time seller. No matter how successful your business or how well you know it and your industry, you may not be prepared for the complexities of preparing to sell, finding a buyer and negotiating a deal. To…
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Who Will Succeed You? 9 Tips for Selecting the Right Person

Not everyone looks forward to retirement.  Some business owners can’t imagine themselves sitting by a pond with a fishing pole or whatever else your idea of retirement may be.  But you likely will hand over the keys one day, and you must have a plan in…
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It’s a common scenario in family-owned businesses. Two of the owner’s children inherit the company and, while one is eager to sell, the other wants to keep the business in the family. Unfortunately, such conflicts can erupt into open combat between heirs…
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Complimentary Benchmark Valuation in the Month of March

As a business owner, knowing the value of your business is the key to ensuring your business succession and estate planning goals are on track.  As a law firm exclusively focused on the needs of business owners, our mission is to help ensure that an…
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Here’s what you need to know to get the best deal Thinking of buying a company?  You’ll want to research a number of business and financial issues as well as certain legal issues. And, of course, there are numerous tax issues that you simply can’t ignore.…
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Many business owners launch their companies from the front lines — as an employee. And it’s not uncommon for owners to stay in that role, working with their staff members to grow the business and guide its strategic direction. Come tax time, however,…
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If you’ve made substantial gifts to your loved ones, or if you’re the executor of someone’s estate, it’s important to understand the rules surrounding gift and estate tax returns. Determining whether you need to file a return can be confusing, and in some…
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Pet Trusts – Estate Planning for Animal Companions

Did you know you can provide for your companion animals in your revocable living trust? The courts have held in prior decisions that an outright gift to an animal is void.  In Estate of Russell (1968) 69 C2d 200, the court found that a dog, Roxy Russell,…
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Family businesses rarely last after the second generation. So, if you want your business to continue to thrive — even after you’ve retired — you need to develop a succession plan for the future. One important step in the succession planning process is…
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