Discuss How Succession Planning is More Successful with a Professional Team

TORONTO, May 10 /CNW/ - Owners of family businesses often find the business of succession planning complicated and stressful. As thousand of successful baby boomers approach retirement, they will need to know how to transfer their family business for the greatest return with limited conflict.

    
    -  Do they sell the business or pass it down to family?
    -  What are the tax implications?
    -  How do they reduce their risk and their families' risk?
    -  What are the legal repercussions if they don't plan properly?
    

To fill this need, 10 professionals wrote On the Shoulders of Atlas for family business owners.

This team knows that rather than relying on one advisor, entrepreneurs will get the best results when they work with a group involving professional accountants, financial advisors, wealth management consultants, insurance advisors and lawyers.

McMillan LLP corporate lawyer Frank Archibald and tax and estate planning lawyer Sheila Crummey, with eight other professionals, tell the story of Victor Banks, the founding visionary behind Atlas Plastics who grapples with family conflict and the complexities of tax and financial planning as he creates a strategy to ensure the success of his business.

On the Shoulders of Atlas aims to guide successful entrepreneurs through the complex process of transitioning their family-owned business.

SOURCE McMillan LLP

For further information: For further information: To book an interview with the contributors of On the Shoulders of Atlas contact: David Eisenstadt, The Communications Group Inc., 1(800) 267-4476 ext 36, deisenstadt@tcgpr.com; Jennifer Prouse, McMillan LLP, (416) 865-7209, jennifer.prouse@mcmillan.ca; Catherine Meaney, McMillan LLP, (416) 865-7229, catherine.meaney@mcmillan.ca

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