The most dangerous period a business faces is that of succession, when ownership and leadership pass from one person to another.

The Process:

• What is the current status of the owners, the family, the business and the market place?
• What are the advantages and disadvantages, and Tax Implications, of the six Transfer Options?
• Is there a comprehensive plan to implement the chosen strategy with a backup plan in mind if unforeseen events occur?

The Goals:

• Ensure that the Viability of the business is maintained throughout the process!
• Ensure the Owner’s needs are met.
• Ensure the Other stakeholder’s needs are met.
• Ensure the Chosen successor is identified and qualified.
• If appropriate, third party selling strategy developed.
• Ensure the Tax liabilities are minimized.