Succession planning can be the transferring of a life's work to family heirs, the handing down of a business to key employees, or the positioning of a company for sale. There are many considerations involved in finding the right succession plan for your situation.
BPM's experts have worked with family-owned businesses for more than three decades, helping to create and execute exit strategies. An exit plan is a complicated process that we are uniquely qualified to lead. We work closely with clients to facilitate dialogue on key issues and to resolve transition challenges such as identifying the most appropriate candidates for leadership positions. Through active coordination and aggressive communication, we keep all participants informed about business operations and the decision-making process. We also bring in experts from other BPM practice areas to assist with document preparation, cash flow projections, financial statements and business valuation issues.
Our succsesion planning capabilities include:
Choosing the right financing for your business involves a variety of factors.
You owe it to yourself to consider these tax strategies.
If your business is co-owned, an effective buy-sell agreement is necessary.
The concept of "reasonable compensation" has never been clearly defined.
The lessons learned from others' exit strategy plans are invaluable.