Business Succession Plans

Even if you plan to pass a business to a spouse, child, sibling or other relative, you will need a succession plan and a business valuation. Some succession plans, such as an Employee Stock Ownership Plan will require ongoing valuations of the business (usually once per year.) Working with a local business broker ensures the valuations are looked at consistently year-to-year. We know and understand the current marketplace, helping ensure fairness to all parties.

You will also need a framework to use in passing the business to the new owner. We can provide you with the valuation or appraisal that you need, plus we can work with your attorney (or we can recommend several) on a succession plan and a business plan to help the new owner succeed.