Transition planning is more than a financial decision.It’s about preserving your legacy, supporting the future success of your business, and balancing the needs of all stakeholders. Whether passing the torch to family members, key employees, or a third party, having a strategic plan ensures a smooth and successful transition.

Personalized

Certified financial advisors crafting solutions aligned with your mission.

Expertise-driven

We offer planning by investment and financial management professionals.

Comprehensive

Integrated services to address leadership transitions and governance.

When to start transition planning

Our team helps business owners create a comprehensive plan that reflects their vision for the future, balances family and business dynamics, and secures financial outcomes for all involved. Business transition is a significant milestone that requires thoughtful preparation. Starting early allows you to:

  • Identify and prepare successors.
  • Address tax and financial implications.
  • Ensure continuity of operations and relationships.

How to begin business transition planning

A successful transition involves multiple stages, including:

  • Successor Development – Mentoring future leaders by gradually increasing their involvement in management, operations, and financial decisions.
  • Business Valuation and Structuring – Determining a fair value for the business and creating a structured payment or ownership transfer plan.
  • Ownership Transfer – Implementing strategies to transition ownership while optimizing tax efficiencies and preserving business value.

Balancing family and business dynamics

Transitioning a family-owned business requires special consideration of relationships and legacy. Strategies may include: 
 

  • Equalizing inheritances for family members not involved in the business.
  • Using tools like life insurance or estate freezes to manage tax obligations and balance wealth distribution.
  •  Holding open discussions to ensure alignment and minimize potential conflicts.

 

We'll work with you to address key questions, such as:

  • How do I prepare my successor(s) for ownership and management?
  • What is a fair arrangement for family members involved and not involved in the business?
  • How can I ensure financial stability for my retirement and my business?