You have grown your business; you have invested time, energy, and money to build it into what it is today. Do you know where you want it to go tomorrow? Do you know how you want to transition it? For many business owners, the business is their most significant asset and the decision as to what happens to the business in the future is paramount. We will help you develop an end vision for your business and work toward the goal of becoming financially independent of the business. The sooner you develop your business succession plan, the better. Whether you plan to sell your business or transition it to family members or key employees, we will help you take steps to allow your business to continue on in the next generation.
This process will also help you determine the amount of value, if any, you need to receive in order for your retirement plans to be realized. This process involves reviewing existing documents that are pertinent to the business plan, evaluating “keep vs. sell” opportunities within your business and discussing strategies to retain key employees.