Succession Planning

Most business owners will come to a crossroads where they will have to consider whether to pass the leadership role on to the next generation. Our team of experienced professionals helps prepare for this transition. We have extensive knowledge of the dynamics of family owned businesses and the challenges involved in insuring a successful transfer.

Our multi disciplinary team will work with management and family members to prepare a formal succession plan with specific action plans. Some of the key elements to consider are as follows:

• Assessment and coaching of successors to insure a smooth transition
• Establishing a value for your business
• Estate planning
• Trust advisory services
• Assistance in obtaining financing for the transfer

Succession planning is a process which takes time to unfold. A proper plan will protect the family and the company and create confidence amongst customers, employees and lenders to name a few.