BUSINESS SUCCESSION PLANNING

Most business owners should consider a Succession Plan. Less than 30 percent of businesses make it to the next generation according to the Family Business Institute. 

BUSINESS SUCCESSION PLANNING

  • Orderly transition of business
  • Create certainty
  • Value is pre-determined
  • Tax efficiency
  • Avoid liquidation upon a death or disability
  • Create a market for the business (buyer)
  • Obtain full value for heirs

Goals:

THE RESULT

A Buy/Sell Agreement* is a legal document which helps ensure that both buyer and seller will receive proper value upon a triggering event. Your Financial Advisor can be your facilitator. 

  • Creates a market for the business
  • Assists you in valuing your business
  • Creates certainty for employees, customers, suppliers, etc.
  • Implementation of a buy-out agreement