Succession planning is a critical and often overlooked aspect of running a business. There are significant tax consequences to the decisions you make relating to buying or selling a business. Your exit strategy is just as important as starting a business and it becomes even more important when family is involved.
In addition to tax implications, we are sensitive to emotional dynamics that can be a factor as you transition from running a business to retirement. As with any other aspect of our business, we are careful and deliberate in approaching your transition.