Creating the maximum value for the business you have worked so hard to establish may be the most important task you perform. Business succession plans take many forms and largely depend on the circumstances of a business owner’s personal situation. Buy/Sell agreements, key personnel involvement and retention, family members, selling to a strategic partner, mergers, selling to an outside entity, income and estate tax planning are some of the many variables to consider when developing a exit plan.
We work with your legal and accounting professionals to develop a business succession plan that addresses all the issues that will face you as a business owner, to retain the maximum business value with minimal tax income consequences. The effort a business commits here can be as valuable as the many years of hard work and sacrifice an owner has placed in the business.