Small Business | Big Insights
You’re busy. We know! We cut through the BS and give you straight talk advice whether you're a seasoned entrepreneur or just starting out. Small Business | Big Insights dives straight to the point on key topics and features interviews with industry experts and successful small business owners who share their deep insights. Tune in each month to gain new ideas and inspiration for your own business.
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Small Business | Big Insights
Navigating Business Law and Succession Planning with Expert Steve Parr
Steve Parr shares his journey from founding and selling a vacation rental company to starting his own law firm, Parr Business Law. In this episode, he breaks down the essentials of business succession planning. Steve highlights why it’s so important to have a solid business structure, clear legal agreements, and backup plans in place for the unexpected. After all, every business partnership ends eventually—it’s just a matter of when.
0:22 Introducing Steve Parr
5:00 Key Legal Steps for Small Business Owners
10:41 Estate Planning for Business Owners
15:03 Business Succession Planning
19:55 Trusts in Estate Planning & Testamentary Trusts
21:30 Alter Ego Trusts
22:38 Estate Planning & Life Insurance
27:02 Legal Trends and Compliance
30:45 High Growth Business Challenges
34:11 Common Client Experiences
37:02 Final Thoughts and Contact Info
Steve Parr
https://www.linkedin.com/in/steveaparr
https://www.parrbusinesslaw.com/
https://www.youtube.com/@parrbusinesslaw
