Establishing Your Goal

Planning for the transition of a business involves analyzing the complexities of the business. Those complexities involve whether or not there are family members or employees to be taken into consideration, as well as their expectations and the needs of future management. Potential tax liabilities also affect the transition, and our savvy business advisors are here to assist you with all the decisions and future ramifications. Let us help you transition the business in the direction you have in mind.

Formulating a Plan

Your succession plan will take into consideration a number of factors:

  • Most importantly, your needs and those of your family
  • Examining the attributes, characteristics and challenges of your business
  • Time of transition
  • Preparing a new management team for assuming leadership, whether family, employees or new owners
  • Flexibility in the event any key components of your plan change

Executing the Plan

Execution of your plan involves:

  • Implementing strategies that minimize any tax burden incurred by the transition
  • Aligning family/owner/management dynamics with priorities of the business
  • Proceeding with financial services, retirement projections, tax projections, business restructuring and business valuations as appropriate

While transitioning a business can be daunting, the emotional factors can be minimized with a team of experienced professionals to guide you through the process, resulting in a rewarding step forward. Let us help you plan and execute your transition.

Take your next step with us.

We want to work with you for a successful future.