An increase in income tax rate means you'll pay a higher percentage of your income to the government. This directly reduces your disposable income, the money you have left after taxes for spending or saving. This can make it harder to afford basic necessities, save for retirement, or invest in your future.
Hear the most frequently asked questions of this prominent search and consultant for Family Offices around the subject of recruiting C-Suite talent. Discover the most common recruiting mistakes and how to avoid them. Listen as the challenges of dealing with the rising generations are discussed and how important communication has become to succession planning and preserving your legacy.
This webcast focuses on the critical topic of hiring senior talent for family offices, specifically addressing key considerations before launching a search. The featured speaker, Linda Mack, founder of Mack International, shares her extensive experience in executive search and consulting for family offices.
Linda emphasizes the importance of thoroughly planning before building a family office, comparing it to constructing a house. Just as a house requires a clear vision, budget, and blueprint, a family office must be carefully designed with an understanding of its purpose, structure, and the services it will provide. She underscores that this planning is crucial to avoid costly mistakes and ensure long-term success.
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The need for fact-based reporting of issues important to multi generational businesses and protecting a lifetime of savings has never been greater. Now more than ever, multi generational businesses and family businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to generationally-owned family businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.
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