Business Succession

Make a plan to ensure your business can carry on without you.

As a small or family business owner you pour your heart and soul into your products and services. Your business is a reflection of your creativity, values, and integrity. As an business owner, your business is often your largest asset. Yet most business owners do not have a succession plan in place.

It is important to plan for business continuation and to preserve the hard earned legacy created during your lifetime. A well-planned exit strategy will provide a seamless transition, allowing your business, and your legacy, to thrive. Your business succession plan should go hand in hand with your estate plan, you cannot accomplish one successfully without the other.

A plan must be created for continuity of operations and financial decisions and will identify who will take over your business upon retirement, disability, or death. A successful plan must also navigate preparing the next generation of leadership to take over. There is no one size fits all approach. A thoughtful succession plan will allow a business to thrive for future generations.