If you own a family business, retirement isn't simply deciding not to go to the office. Critical questions include what happens to the business when you're no longer running it, and whether you'll have enough money to retire.
More than seven in ten family-owned businesses fail to survive the transition from founder to second generation — often due to estate taxes or family discord. A well-designed succession plan is essential.
Key issues we help with
- Keeping it in the family vs. selling to a third party.
- Who will run the business when you're gone — management vs. ownership.
- Minimizing the tax bite when transitioning a family business.
- Making transfers fair for all family members.
What we do for you
Once we understand your goals, we construct your succession plan focusing on business valuation, restructuring, tax consequences, retirement projections, and tax projections.
Let us help you pass on what took a lifetime to build.