Succession Planning
Providing Strategies for Transferring Business Ownership to the Next Generation – or New Leadership
Developing and implementing a well-designed succession plan is essential to the survival of any family business. Yet, while eighty-five percent of family-owned firms have identified a family member as a successor, just one in eight has a succession plan in place.
Are you one of them?
If you already have a succession plan in place, then you’re already on your way to a secure financial future, but if you don’t, we are here to help.
Succession Planning: The Cornerstone of Your Financial Future.
As trusted advisors, we assist business owners in securing financial independence by structuring their business in a way that promotes long-term success and stability. We work with business owners and their families to develop plans for transferring business ownership to the next generation or to new leadership.
If you decide to sell, we work with you to identify the financial strengths and weaknesses of your business and develop a plan to maximize its value in preparation for sale. If you decide to keep the business in the family, we work with you to prepare your successor to take over the business or identify one if you haven’t already done so.
Succession planning services include:
- Assist with the internal transfer to a family member
- Identify a potential buyer(s)
- Business valuations in preparation for sale
- Buy and sell agreements
- Estate and trust tax planning
- Gift tax planning
- Retirement planning and tax projections
- Business restructuring
It’s Never Too Early to Start Planning an Effective Business Exit Strategy.
If you need assistance figuring out which exit strategy is best for you and your business, simply fill out the contact form below or give us a call right now.
Your Partner in Achieving Financial Freedom
If you’re ready to take the next step, please Click the Button below, and one of our financial planning advisors will be in touch soon. It’s that simple.
What Can We Do For You?
We’re committed to your success. Take a look at our services below or contact us today and find out how our comprehensive accounting & tax services benefit your bottom line.
Small Business Accounting
As a small business owner, you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits.
Cash Flow Management
A cash crisis can be emotionally devastating. It can even kill your business. The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you.
Bank Financing
Requesting a business loan without adequate preparation sends a clear message to the lender: High Risk! It pays to be prepared and organized in your approach for financing.
Business Advisory Services
If you still have all your plans and ideas locked up inside your head, preparing a strategic plan can help you clarify your company's direction.
Financial Planning for Businesses
If you run a successful business, you already understand how important it is to work with an accounting firm that understands how your company operates. What you might not realize is that when you add an accountant with expertise in financial planning and analysis to the team it allows you to take your business to another level.
Succession Planning
Developing and implementing a well-designed succession plan is essential to the survival of a family business from one generation to the next.
New Business Formation
Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill have worn off that dictates whether a small business will make it or not.
Non-Profit Organizations
The IRS uses very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status.
Internal Controls
We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures, then we make recommendations that help your company become stronger.