Business Succession Planning
- Are you considering succession of your business to a family member?
- Are you orchestrating an external sale of your business?
- Are you planning to retire from your family business?
If you answered “yes” to any of these questions, it is time to meet with one of our professional accountants to develop the key metrics surrounding your business and review the processes in place to deliver your products and/or services.
It is never too early to start thinking about the succession of your business. Succession is a process and the sooner you begin the process, the greater your chance of success. Delaying the decision can lead to a more stressful transition, limit your options and/or result in fewer after-tax dollars. In all cases, it is imperative you understand the tax, financial and legal impact of these decisions. We can offer an unbiased review of each option as well as provide advice on which path to choose.