Preparing for Tomorrow, Today
As a business owner you make many decisions every day. Decisions that demand your attention and can’t wait; decisions about vendors, customers, services, products, financing, cash flow, and personnel. The list goes on and on. Those decisions are obvious and they walk right in your office or your inbox.
There are other decisions, however, that lurk in the shadows and don’t demand your attention. These decisions are important to the long term future of the business but also affect the future of your family. Decisions like what will happen if I become incapacitated or die unexpectedly? What will happen to the business at my retirement? Are there family members than have the capacity and the desire to run the business? Should I sell the business and, if so, to whom should I sell it and at what price? If I sell the business, what happens to the people who contributed to its success like employees, partners, and suppliers? How will I deal with estate taxes?
Preparing for the unexpected is part of good planning. Our business succession planning services help you prepare for an orderly continuation of the business by asking all the right questions and making sure everyone agrees with and understands your plan. It’s about so much more than just the sale price.