Business Succession Planning

Few events in the life of a small business are as critical, visible or stressful as when an owner leaves. Every employee, customer, supplier, and stakeholder is focused on the outgoing leader and whether or not preparations have been taken to assure the company's success without him.

Nonetheless, many family owned and and closely held business owners do not take the necessary steps to assure a smooth transition. Sometimes their reluctance is a result of the failure to identify a successor or because they failed to prepare their company to succeed without them. Over our four decades of practice, we have worked with many family and closely held companies to advise and counsel them through the succession process. We are prepared to work with not only the business owner, but also the accountants and financial professionals who can provide that smooth transition.