Business Succession

Exiting your business is a deeply personal and multifaceted decision. If you choose to sell, a well-thought-out plan is critical to meeting both your personal and financial objectives. It's never too early to begin planning for the future.

Preparing Your Business 

While many business owners may have a general idea of what lies ahead, few take the time to develop a clear, structured plan. The sooner you start planning your exit strategy, the better positioned you could be for a successful transition, even if it’s years down the road.

Our team can help you craft an action plan for a more seamless sale, addressing key considerations such as:

• What are your financial and personal goals?
• Is there a solid management team and succession plan in place?
• Do you have a realistic understanding of the net after-tax sale proceeds, and how to structure the sale to be considerate of taxes?
• Are there steps you can take now to maximize your company’s value before the sale?
• Do you have a clear picture of your company's current valuation within your industry?
• Do you have a risk management strategy in place for the business?
• For family businesses, have you had discussions with the next generation about roles and responsibilities?

When You're Ready to Sell 

If you’ve made the decision to sell, we’re here to help you through every detail. We’re as committed to your business as you are, analyzing market conditions, company valuation, timing, potential buyers, and most importantly—your needs. It will unfold on your term - because it's your business and it's personal. 

Rely on our team to:

• Understand your situation and objectives, considering your lifestyle and income needs post-sale
• Help you assemble a team of trusted advisors (CPA, attorney, investment banker, etc.) to prepare your business
• Guide you in choosing the best sale structure with consideration to taxes
• Present customized cash flow and projections for the future
• Collaborate with your tax and legal advisors to align the sale with your estate plan and philanthropic goals

Pre and Post-Sale Wealth Planning

The financial implications of selling a business can be significant, and proper planning is essential to avoid missing opportunities. An efficient sale strategy incorporates tax planning, which can lead to considerable savings in income, gift, and estate taxes. That’s why we work closely with your advisory team to help ensure that every step is aligned with your financial goals.

We offer access to key resources and expertise, including:

• Estate Planning Services: Maximize the impact of your estate for your loved ones.
• Tailored Lending: If your sale requires borrowing, we can connect you with competitive lending options through our banking affiliates.
• Family Advisory: If family members are involved or are planning to be, we help facilitate transition discussions and clarify your legacy goals.
• Wealth Management Strategies: Transition to the next phase of your financial journey with clarity and confidence.
• Tax Considerations: By working with your CPA, we help identify the best strategy to ensure you optimize sale proceeds.
• Philanthropy: The sale of your business may provide an opportunity to enhance your impact on meaningful causes. We help ensure that your philanthropic goals align with your broader financial objectives, ensuring your legacy reflects your values.