« Tough questions net big results | Main | Trading and sharing »

Succession Options

There are plenty of excuses owners use to put off the inevitable process of letting go. The most popular is ‘What would I do if I retired?’ Regardless, at some point in time a responsible decision must be made or it will be made without you.

The typical succession options are:

1. Merge with another business. This will often allow for a continued role in the newly formed business.

2. Sell to the employees or family member(s).

3. Sell the business.

4. Do not do anything with the distinct possibility that the value of the business will be determined by an auction.

Conscientious owners will take the time to consult with their team of professionals (CPA, attorney and CFP) to develop a plan which will allow them to: maximize their alternatives, minimize their tax issues and provide direction for the future success of their business.

Steve Sink, CBI, M&AMI



TrackBack URL for this entry:

Listed below are links to weblogs that reference Succession Options:


The comments to this entry are closed.

« Tough questions net big results | Main | Trading and sharing »

Technorati Bookmark: Succession Options

This site is intended for informational and conversational purposes, not to provide specific legal, investment, or tax advice.  Articles and opinions posted here are those of the author(s). Links to and from other sites are for informational purposes and are not an endorsement by this site’s sponsor.