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Business Succession Planning

Business succession planning means different things to different people.  What it means to us is a window of opportunity for business owners and management to proactively plan in advance for business and personal life cycle events which might be planned but are often unpredictable. 

It took years to build your successful business.  You are ready to cut back; you want to sell the business; you want your kids to take over the business; you want your employees/management to buy the business or maybe life hits you out of nowhere with a terminal illness or sudden tragedy.  How do you plan for the expected and the unexpected and their effect at this stage of your business?  Should you sell the business? What is the business worth?  Should you sell or give the business to your adult children?  Should you consider an employee stock ownership plan (ESOP)?  What are the income tax effects? What about gift tax or estate tax?  What about previously drafted wills, trusts, and buy-sell agreements?  The questions can seem endless with your business and financial future at stake?

We have experienced professionals who can guide you through this critical stage of business transition planning.  Our CPA’s and consultants can objectively provide answers to income, estate, and gift tax questions that are inherent in business succession planning and our business valuators are all CPA’s who also have earned designations of Certified Valuation Analyst (CVA)  or Accredited in Business Valuation (ABV).  Our wealth management consultants provide retirement planning and investment analysis.  We provide business succession planning services to businesses in many industries including:

  • Medical Practices
  • River & Marine Industry
  • Construction & Government Contractors
  • Retail
  • Hotels
  • Distribution
  • Real Estate
  • Professional Service Firms
  • Wholesale
  • Restaurants
  • Clients with ESOPS
  • Agriculture