Succession
Planning’s focus is on a family or related party transfer
of a business interest. Specifically, the leadership of the
company changes, usually to another family member. Leaving the
family business to the next generation is a popular and powerful
tool to ensure your legacy lives on and your children can maintain,
or preferably, enhance the value of the business. Management
buyouts are also considered a part of succession planning.
Business
owners considering succession planning can also benefit from
the counsel of a Certified Exit Planning Provider. The CEPA
can assist on several levels including:
Provide
an independent, 3rd party to ensure family/management relations
remain intact.
Provide information on access to
capital for next generation buyout
Suggest Exit Options to take advantage
of various discounts for control and marketability to minimize
tax implications.
