Business Succession

Transition planning helps clients prepare for the time when they will redefine their relationship to their business. The financial strategies and planning required to successfully transition the ownership and management of a business from the current owner to a successor. This process is crucial for ensuring the continuity and sustainability of the business, especially in family-owned or privately held companies.

Business Succession Highlights

Our investment approach is a consultative one and includes the following tenets:

Succession Planning Strategy: Assisting in the development of a comprehensive succession plan that outlines how ownership and management of the business will be transferred.

Valuation of the Business: Conducting or coordinating a valuation of the business to determine its current worth.

Exit Planning: Helping business owners develop a strategy for exiting the business, whether through a sale, merger, acquisition, or transfer to family members or employees.

Legal and Tax Considerations: Advising on the legal and tax implications of different succession strategies.

Funding Strategies: Identifying and implementing funding mechanisms to facilitate the succession process.

Business Continuity Planning: Developing a continuity plan to ensure the business remains operational during the transition period.

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