Owner Transition & Succession Planning
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The Unthinkable Happened to These Manufacturing Owners…and What They Did About It
Take steps to protect you, your family, and your legacy.
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Considering Selling your Business? Know the Tax Implications Before You Close the Deal
How a deal is structured can have major implications on the owner personally from a tax perspective.
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Selling Your Company? Top Ways Your Buyer Might Finance the Deal
Knowing the risks, costs, and benefits from the perspective of your buyer can be useful as you navigate a deal.
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Are You Ready to Transition or Exit Your Business?
As an owner, you may have reached a decision to sell your business, with the objective of optimizing the value of the asset representing 90+% of your net worth.
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Making A Family Transition Affordable
There may be affordability issues when a business owner is planning to transition their business to the next generation or to their management team. Quite often the money to buy the business has to come from the business itself. How can this work for a family business?
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How Family Dynamics Can Impact A Business Transition
A family-owned business faces a unique set of challenges, especially when the family is contemplating a transition of that business. There are many tools that CLA can use to help a family navigate their family dynamics, ensuring the business transition is a time of celebration for the entire family.
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Determining Your Business Readiness for Transition
If you are contemplating a business transition, you definitely want your business to be as attractive as possible to a potential buyer. Many owners concentrate solely on the financial readiness of their business when they are considering a business transition. However, the value multiplier is equally, if not more important.
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Personal Financial Readiness
Personal financial readiness is critical for a business owner who is considering transitioning out of his or her business. Whether you are planning to sell your business or transition it to the next generation or just thinking about cutting back your involvement some, it is critical to develop a plan for the change.
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Determining Your Personal Readiness
The biggest reason business transitions fail is that the owners are not personally ready. It’s never too early to start building excitement for your next chapter, the 3rd Act.
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Exit Planning: It is good business strategy
Business exit panning requires time and balance. There are three forms of readiness that all owners need to consider – personal, financial and business.