Succession Planning

When you're ready to move on from your business we're here to help.

Succession Planning involves establishing a strategic business plan for your business that allows you to outline your business and personal goals.  These goals relate directly to your ability as a business owner to extract the maximum amount of value from your business when you exit, to provide for your retirement planning needs.

If you do not have a strategic approach to business succession planning – any value you have built into your business may well retire when you do!

It is important that a Buy-Sell Agreement or Business Will be set up with legal advice. The business owners will generally discuss, negotiate and agree upon:

  • The trigger events.
  • How the interest in the business will be valued.
  • The respective buy and sell obligations of the business owners should a trigger event occur.

A funding plan is established to provide the cash required to fulfill the financial obligations of the business owners should one or more trigger events occur.

For more information or to make an appointment to discuss your specific business needs please contact us.