Business Succession Planning
Succession planning helps to ensure that a smooth transition can occur when you’re ready to retire or sell your business. We believe succession planning should include the long-term goal of retirement, but should also focus on contingency planning to protect against unexpected events.
We can provide a referral to our outside team of professional partners to assist you in developing a succession planning strategy that seeks to help you:
Time your exit to maximize value (eliminating the risk of a fire sale)
Ensure continuity of service for your clients or customers
Provide for an efficient transfer of business to a successor or buyer of your choosing
Retire on your schedule
Remove emotional decision-making
Provide career-path opportunities to existing associates and/or elevate key employees to owners
Coordinate with your personal estate plan to minimize estate taxes
Plan for the unexpected