About Our Firm
Pass It On…it’s
more than just a name, it’s a description of the work we do
and the attitude we promote.
- We assist clients who own a business to pass it on to
their children or employees.
- We help clients who’ve built a substantial estate to pass
it on to their heirs or charitable concerns they’ve supported
throughout their lives.
- We work with families to protect the value system that
enabled them to create their assets in the first.place.
- We develop exit strategies that let business owners get
what they want when they want it.
Our company has been serving families for over fifty years.
Longevity implies stability, competence, success, and dedication.
We’re here today and will be tomorrow…passing it on.
Pass It On, Inc.
may be one of the best-kept secrets in Colorado Springs, if
not the entire country. We do not advertise, send mailers,
work trade shows, hand out business cards at social gatherings
or call your home at dinnertime. Yet, for nearly 59 years
either Les Sletta or I have had the privilege of helping families
answer some of the most difficult financial and family relations
questions they will ever face. Who takes over when it’s time
for the current owner to move on? How do we protect the assets
we’ve built over a lifetime? Who takes over managing them
in the end?
What do we pass on? We promote the proper transfer
of assets, business interests, ideas, responsibility and relationships.
Why families?I was told by a prospective client, “We’re
owned by three partners, so we’re not really a family-owned
company. We didn’t think you would help us.” My response,
“Your company is owned by three families, so you have at
least three times the confusion in trying to work out a plan.”
For our purposes, any closely held company is a candidate
for what we do, and will someday face the problems we solve.
Our current mailing list is comprised of nearly 1000 client
businesses, professional advisors and personal planning accounts,
and I personally manage over 200 family business accounts
in 36 states and 4 foreign countries.
The professional lingo for what we do is Business Succession
Planning and Estate Coordination for Family-Owned Businesses.
Basically, we design plans and funding arrangements to protect
family businesses from the many financial disasters that can
jeopardize their survival. Our strategies protect the business
during the building phase, accumulate money on a tax-favored
basis during the profit phase, and transfer the business at
the eventual retirement of the owner.
They want to understand and investigate their options for
retiring from the company under the most favorable conditions.
This is called a Strategic Plan or Exit
Strategy.
We also provide for the unplanned transfers that occur following
an illness or death of an owner by developing a Contingency
Plan for employees and family members.
How do we find new clients? Their accountant, attorney,
investment advisor, or a close personal friend who owns a
business introduces us to the majority of our new clients.
We don’t chase people – because they run! Rather, we offer
an objective review of their situation and the planning they’ve
done and suggest any improvements that we think will help
them accomplish their business and personal financial objectives.
Privacy Statement
Your internet privacy concerns are important. This
statement describes our practices concerning the
collection, use and security of the personally identifiable
information that you provide us over the Internet.
Collection of Information In some areas of our
Web site, we may request that you provide personally
identifiable information, including your name, address,
e-mail address, telephone number, social security
number, or policy/contract number. If you are seeking
a job and post a resume, we will also ask you to
provide employment and education history in addition
to contact information. We limit the collection
and storage of personally identifiable information
to that necessary for us to administer our business,
provide quality service, or offer you opportunities
we think might be of interest.
We use Web tracking software to collect the name
of the domain from which you access the Internet
and the site from which you came in to our site.
This information is used for internal analysis only
and helps us improve the content of our website
for your future business.
Disclosure of Information If you provide personal
information to us via our Web site, we will not
disclose that information outside of the Firm except
as described below.
- We may disclose personal information outside
of the Firm with your express authorization.
- We may disclose personal information to other
entities that are involved in administering or
providing services on our behalf. These entities
may include your agent, a reinsurance company
or, in the case of job applicants, a company that
performs background checks. We will disclose information
in compliance with applicable laws and regulations
and will require the recipient to protect the
information and use it only for the purpose provided.
- We may disclose information if we are required
to do so by law.
Cookies
Cookies are small pieces of information that
Web sites can store on your computer. At this
time, this web site does not use cookies.
Changes to Privacy Statement
The Firm may change this Statement from time
to time. If we decide to change our Privacy Statement,
we will post those changes on this Web site so
that you will always know what information we
gather, how we might use that information, and
to whom we will disclose it. This Statement is
not intended to and does not create any contractual
or other legal rights in or on behalf of any party.
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