Transition Planning

The next 10 years will mark the largest transfer of wealth through business ownership changing hands the world has ever seen.

Since business ownership hand-offs to the next generation are decreasing, we conclude that businesses with a strategic plan in place will retain the greatest value for their ownership. Keys to a transition or succession planning for the middle market company may include the following:

Family Member Succession

• Agreement and understanding of goals

• Family information

• Gift and estate planning

• Insurance analysis

• Investment options and advice

Shareholder Succession

• Shareholder agreement

• Disability planning

• Compensation plans

• Available transfer techniques

Sale to Outside Buyer

• Assessment of business strategy

• Executive and management review

• Corporate structure

• Business valuation and market conditions

• Retirement plans