Eventually, business owners face the challenge of either selling or transferring business ownership to family members. We can help you throughout your entire business succession planning process, ensuring a smooth, seamless transaction.
Our firm’s professionals work diligently with our clients, providing sound advice and developing and implementing customized succession plans. Our business succession strategies maximize your tax advantages, helping you to fulfill your personal financial objectives.
Our business succession planning process consists of the following steps:
Planning Review and Analysis
We meet with you to determine their long term financial goals and review your existing financial situation. We gather data and conduct personal interviews to assess goals, followed by a presentation reflecting our analysis that identifies potential problems and undeveloped opportunities impacting the achievement of your confirmed succession planning goals.
Plan Development and Implementation
A Succession Plan Implementation Check List is developed creating an organization activity schedule for everyone involved in your planning. We supervise and coordinate the efforts of the various members of the succession planning team, (i.e. attorney, insurance representative, family members, etc.). The goal of this phase is to provide you the peace of mind that we have implemented a comprehensive succession plan that will achieve your financial goals.
Continuing Financial Review
We assist you with evolving business planning projects by providing periodic planning reviews and interim communications with the planning team for necessary updates and enhancements.
Business Succession Planning Options
Any good plan starts with the clearly defined goals of the owner. Many succession plan alternatives can be combined to achieve a client’s desired goals. Please choose an option below to learn more…
Management Buy-Out | Selling Outside the Company | Liquidation of Company Assets