Roundtable Replay: The Impact of Evolving Tax Policy on Family Enterprises
The September 19th roundtable explored how evolving tax and legislative policies are shaping the future of family businesses and family offices. The expert panel included Pat Soldano, President of Family Enterprise USA and the Policy and Taxation Group; John Gugliada, Director of Engagement for both organizations; Russ Sullivan, Chair of The National Tax Policy Group; and Michael Hawthorne, Partner at Squire Patton Boggs.
The discussion examined how current and proposed federal tax policies could impact the structure, succession, and sustainability of family enterprises. Panelists provided an insider’s look at key legislative developments, ranging from proposed estate and gift tax reforms to changes affecting pass-through entities and business transfers, and how families can engage in thoughtful planning and proactive advocacy to safeguard their long-term interests.
Drawing on their combined policy, legal, and advocacy experience, the experts emphasized the importance of coordinated action among families, advisors, and industry groups. They also highlighted how education and representation in legislative conversations are critical to ensuring that family-owned enterprises continue to thrive and contribute to economic growth.
This session offers valuable guidance for advisors who work with family businesses, family offices, and private enterprise owners navigating today’s shifting tax landscape.
Key Takeaways:
- Stay informed on evolving federal tax proposals that could affect estate and business transfer planning.
- Encourage families to participate in advocacy efforts through organizations like Family Enterprise USA and the Policy and Taxation Group.
- Build collaborative advisory teams that include legal, tax, and policy expertise to identify potential impacts early.
- Develop flexible succession and governance structures that can adapt to changing regulations.
- Help families align advocacy, philanthropy, and legacy goals under a unified long-term strategy.
The full video replay from this roundtable event is available for UHNW Institute members in the member portal.
