If you own a family business, retirement isn't simply a matter of deciding not to go into the office anymore. You've got some critical questions to answer like...
What happens to the business when you're no longer running it?
Will you have enough money to retire?
Family dynamics complicate the transition because of the relationships and emotions involved. Most people are not comfortable discussing topics such as aging, death, and financial affairs.
Comfortable or not, succession planning should be a priority for any family business, considering that more than seven out of ten family-owned businesses fail to survive the transition from founder to second generation. Typically they fall prey either to estate taxes or family discord - or both.
Developing and implementing a well-designed succession plan is essential to the survival of a family business from one generation to the next.
We help you with these key issues:
Once we understand how you feel about the key issues above, we begin constructing your succession plan.
What we do for you:
Contact Us Today
If you would like more information about how we can facilitate a smooth transition of your Business ownership, call us toll-free at 844-386-3829, or use the form on this page to schedule a consultation.