Lambert Publishes on Family Business Succession Planning
St. John Fisher College faculty member Hugh Lambert, CPA, has published an article on family business succession planning opportunities in the December 2019 issue of the CPA Journal.
Lambert is a family business fellow for the college’s Family Business Initiative.
Lambert’s article makes the argument for succession planning, noting that it ensures that the business will continue to operate with a minimum of disruption and can also provide tax benefits to the owner and the successor. He details the various options available to business owners looking to establish succession plans, noting where CPAs can leverage their position as trusted advisors to assist clients with establishing such plans.