Legacy Business

A “Legacy Business” is defined as those businesses that are long standing, independent enterprises that make a strong contribution to community character. These businesses are cultural anchors and repositories of community traditions and stories. They are a special and unique part of Boston’s historic identity.

To be designated as a Legacy Business, it must meet the following criteria:

• It is a business that has operated for at least 10 years in the same location.
• It is a business that contributes to the cultural, historical, and societal asset of the community or neighborhood. For example, the business is located in a particular cultural district.
• It is a business that commits to maintaining its operations in the City once officially designated.

If you’re keen to start up your own small business to create a legacy for future generations, here’s what you need to know!

Plan for the Future from the Start.

Creating A Succession Plan.

Set Up Your Business to Run On Its Own.

Inform Your Successors Early.

Look Beyond Your Family Tree.

Let Your Business Live On.