When it comes to developing a succession plan for your business, there is no “one size fits all.” We work closely with you to create a plan that will ensure your years of hard work will be transitioned effectively to maximize the return for the future.
Succession planning is difficult for a variety of reasons.
It raises issues of inevitable life changes, of mortality, and of changes in key personal relationships. When planning for succession, there may be several challenging personal issues to discuss such as “What will I do when I retire?” When there are no clear successors to take over the business such as family members, partners or employees these issues are often more complex.
We find that many of our clients want to provide continued income for family members and maintain jobs for family members and colleagues. They also want to establish a personal legacy through continuation of the business or a charitable contribution. The number of options available to meet these goals decrease steadily as time passes.
By planning for succession, you retain control over the outcome. When there is no plan, others are in a position to take control of the transition. We understand the complexities of professional services succession planning. Let us help you plan now for the future.