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Business > Business Succession

Business succession is the means for business owners to retire
from or cash out of the business.

This usually requires long and careful planning to ensure that the owners receive the maximum return on their years of investment.

Our legal, financial, and accounting teams work with you to analyze all the variables involved in determining a selling price, identifying potential purchasers, negotiating the sale or transfer,
and preparing contracts to guarantee payment of the sales price.

In many cases the purchasers are family members, employees, or some combination of these.
We have much experience in coordinating negotiations with related groups of buyers.

Typically we encourage business owners to begin a planning dialogue with our advisors very early in the retirement thinking stage in order to have sufficient time to adequately plan the process. It is not unusual for the process to take several years to be implemented.

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