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Businesses - Succession Planning

If you own a small business the concept of retirement provokes important questions such as, 'What happens to the business when you're no longer running it?' and 'Will you have enough money to retire?'  If it's a family business, it becomes more complicated, involves more opinions, emotions and questions.  Because of this reality, succession planning should be a priority for any small business.

We help business owners with succession planning by initially addressing 3 key questions:

  • Should the business stay in the family or be sold to a third party? 
  • Who's going to run the business?
  • What are some of the tax complications and how can they be mitigated? 

We help business owners formulate comprehensive succession plans that focus on 5 key areas:

  • Business Valuation
  • Business Restructuring
  • Tax Consequences
  • Retirement Projections
  • Tax Projections