Succession Planning Resources
When it’s time to step away from your business, whether for retirement or to pursue another venture, you need to be confident you have everything in place for a smooth exit strategy. The best time to start planning is now.
Our free guide includes an easy to follow Succession Planning Worksheet and our easy to follow Succession Planning infographic*.
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*originally published in Atlantic Business Magazine, May 2015.
Thank you for your interest. Please enjoy this bonus collection of Succession Planning resources.
Your Business Is Your Retirement Plan
For most business owners, the sale of a business is a key component to their retirement plan. This means that an experienced financial advisor is necessary to help guide you through the succession planning process. Your advisor will provide his or her own expertise and assist in coordinating and leveraging the skills, knowledge and resources of the various other professionals required. We will make sure the broader impact of the sale of your business is considered, taking into account potential changes to your will, insurance planning, investments, and many other details you can’t afford to leave to chance.
Bonus: Succession Planning Information and Tips
videos, case studies & more
Tip #1: The right corporate structure can limit your tax exposure when you sell your business.
Many businesses use a ‘stacked’ structure (holding company + operating business), but is it the most tax efficient set up for succession planning?
Tip #2: Understand the difference between selling assets and shares and choose the best set up for your business.
There are many options for selling your business including selling assets or selling shares. Which one is best?
Tip #3: When selling to family or employees, you may need to plan for unique payment terms and cash flow.
Many succession plans include selling your business to key employees or family members and while it’s a good strategy, there are some things you need to prepare for.
Tip #4: Key employees (including yourself) may make up a significant part of your company value and “locking them in’ needs to be part of your succession plan
When it comes time to sell your business what impact will your key employees have on the sale?