Our next goal is to help you identify the right transition or succession plan that will meet all of your personal, family and business goals. What happens to your business if you're no longer there for whatever reason?  What is the most profitable transition avenue for you and your family?  How do your options fit within your family’s personal estate plan? And how will your exit impact your business and your employees?

Your privately held business plays a vital role to our overall economy as nearly half the US GDP is produced by private companies just like yours.  Your company has just as much of an ongoing concern as any publicly traded company.  With nearly half of the US working population relying on you and your company for their own employment, planning for a smooth transfer of your business with a properly executed plan is vital. 

Whether a plan leads to a transition of your company to a relative, an internal management buyout, an employee stock ownership plan (an ESOP - see below), a strategic buyer or a financial buyer, we design a personalized strategy that effectively transfers the business in the most profitable, tax efficient, and least disruptive manner that will meet all of your goals.

Our transition planning can:

• Help identify and close the value gap that may exist between your financial needs and the the business value;

• Help assure the ongoing concern of the business in the event of a premature demise, divorce or the departure of a business partner;

• For a family business, create a plan that mitigates issues that exist when transferring to a family member, while working with the entire family and management team to design the most effective and least disruptive transfer;

• Model and compare different transfer scenarios such as an ESOP* plan (providing you with an S-corp vs. C-Corp ESOP comparison, feasibility study, a general ESOP value range, negotiate and implement the plan to maximize the effect the ESOP will have with your employees), an internal management buyout or buy-in, or selling to an outside party.

  *Although the sale of your business might best be served by selling to a financial buyer (such as private equity) or a strategic buyer (such as a competitor), for the right situation and company, an ESOP might be the best solution. There are many misconceptions about ESOPs that come from not fully understanding how they work. Once we’ve addressed these misconceptions, you will understand how an ESOP can be a good way for you to exit your business, can provide a potential tax strategy for you/your business, can help promote cash flow that results in a long term growth strategy for your business, help align workforce culture, preserve a business legacy and ongoing concern of the company, can preserve jobs in the community and can help promote retirement savings for your employees.