Successors of Offaly farm businesses could face costly legal and tax issues
Ifac advises Offaly farm families on how to avoid nasty tax surprises The professional services firm for the farming, food and agribusiness sector, ifac (www.ifac.ie), is advising Offaly farm families to start succession planning – not only to protect the future wellbeing of their families but also to deliver financial benefits for their successor, prevent family disputes, and avoid unexpected […]
Offaly entrepreneurs: passing a business on to the next generation? Four questions can avoid a gift becoming a curse
The transfer of a family business from one generation to the next has the potential to create tension and conflict The Law Society of Ireland recommends that Offaly business owners and the next generation plan ahead and develop a family agreement Answering four questions can help avoid a gift becoming a curse “Family […]
