Exit & Succession Planning

Creating Successful Transitions

Most owners only exit a business once in their life. It is a new experience with a series of decisions to make that will alter the outcome. The transition process can take years to properly execute.

What is your best strategy? 70% of companies try to sell. 30% attempt a family succession. While similar steps are needed in a sale or succession, an exit typically seeks the highest value, while a succession is often a vehicle to begin transferring family wealth.

Your Transition Blueprint:

Our professionals will collaborate with you to understand your objectives and create a timeline to develop your transition blueprint. Let us help you evaluate your options.

Time is a Valuable Tool in Transitions

In general, the shorter the planning time frame is, the less profitable the sale can become. Time enables you to refine operations to maximize value, ensures key-person and non-competes are in place, and allows owners to remove themselves as much as possible from day-to-day operations. Time also may be needed for a tax strategy to unfold, especially if gifting is involved.