Home > NewsRelease > Covid-19 Has Accelerated Family-Owned Businesses’ Need For Succession Planning; Greater Prairie Business Consulting Can Help -
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Covid-19 Has Accelerated Family-Owned Businesses’ Need For Succession Planning; Greater Prairie Business Consulting Can Help -
From:
James J Talerico Jr - SMB Expert - Management Consultant James J Talerico Jr - SMB Expert - Management Consultant
Dallas - Ft. Worth , TX
Wednesday, July 22, 2020

 

James J. Talerico, Jr., a nationally recognized small business expert and the CEO & Founder of Greater Prairie Business Consulting, Inc., who has consulted with literally thousands of family-owned businesses over the last 30 years can help family-owned business with succession planning during these trying times.

"All family-owned businesses should have an emergency succession plan, in the event one or more business owners become ill with Covid-19.  Those businesses that don't have a long-term succession plan also need to create one ASAP, and businesses with long-term succession plans should be revisiting them given the current economic environment," says small business expert James J. Talerico, Jr.

"Three favorable trends are working in favor of succession," Mr. Talerico continued;  "First, businesses are attractive to business owners when interest rates are low, second, more assets can be gifted when business prices are depressed, and third the federal gift tax which at present is triggered above $11,580,000 is scheduled to be cut in half by 2025."     

Family-owned business owners with questions about how Greater Prairie Business Consulting, Inc.'s can assist business owners with succession are encouraged to contact James J. Talerico, Jr. at 1-800-828-7585 for a free consultation.

To learn more about Greater Prairie Business Consulting, Inc., go to: www.greaterprairiebusinessconsulting.com.

About the Author

A nationally recognized small to mid-sized business (SMB) expert, Jim Talerico has consistently  ranked  among  the "top small business consultants followed on Twitter.”  With more than thirty - (30) years of diversified business experience, Jim has a solid track record helping thousands of business owners across the US and in Canada tackle tough business problems and improve their organizational performance.

A regular guest on the Price of Business on Bloomberg Talk Radio, Jim’s client success stories have been highlighted in the Wall St Journal, Dallas Business Journal, Chicago Daily Herald, and on MSNBC’s Your Business, and he is regularly quoted in publications like the New York Times, Dallas Morning News, Philadelphia Inquirer, and on INC.com, in addition to numerous, other industry publications, radio broadcasts, business books, and Internet media.

Jim Talerico is a certified management consultant CMC ©, an honor bestowed on only 1% of all consultants worldwide. He is also the founder and CEO of Greater Prairie Business Consulting, Inc.

For more information about Greater Prairie Business Consulting, Inc., go to:

www.greaterprairiebusinessconsulting.com.

Social Media Links:

www.LinkedIn.com/in/jamesjtalericojr

www.Twitter.com/JamesJTalericoJ

www.Facebook.com/search/top/q=small%20business%20expert&epa=SEARCH_BOX

www.Instagram.com/James_J_Talerico_Small_Business_Expert

 

 

 

 

News Media Interview Contact
Name: James J Talerico Jr, CMC (c)
Title: Founder & CEO
Group: Greater Prairie Business Consulting, Inc.
Dateline: Irving, TX United States
Direct Phone: 800-828-7585
Cell Phone: 972-816-1666
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