Business Owner Planning Services

As a partner or co-owner (private shareholder) of a business, a substantial portion of your family’s net worth is undoubtedly tied to the value and success of your business. Most successful business owners, at some point, need to consider setting up a buy-sell agreement. Doing so will help to ensure their family a smooth sale of the business interest in the event of the owner’s premature death, disability, or even retirement.

A succession plan exists to ensure that your business keeps running smoothly after you retire, move on to a different opportunity, or pass away. It can also provide for transfer of ownership to employees on the rise in your company. It’s a strategy that involves cross-training of your employees to provide them with the tools, business acumen, and understanding of your company operations to not only continue operations, but to take the company to the next level when the time is right.

It’s important to understand that your succession plan won’t just impact you and your staff, but also your shareholders and all those who have a stake in your company. The level of complexity of your plan will depend on the size and complexity of your company—a small, family-owned business requires a less complicated plan than does a large, publicly-traded company.

We carefully review the following: