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.

The goals of a Succession Plan…

• 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

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.
• Avoids heirs relying on future income of business

Click here to see a sample business evaluation

^{* This is a legal document and must be prepared by a lawyer.}