Succession Planning

SUCCESSION PLANNING

“If something happens to you or another key employee, your business might suffer greatly. How might you mitigate this risk?”

 Those who prepare have a plan by design. Those who do not prepare have a plan by default.  Your business is far too important to leave things to chance.

 

*Change of Ownership – Now or later?

*Sale of Business – What is it worth? How might you improve company “health” with an eye toward future value?  What happens if no other partner or employee wants to purchase the business? What do you do if you receive an unsolicited offer? Is there another way, besides a sale, for the business owner to prudently extract money from the business?

*Estate tax management

*Planning for Business Continuity – Contingency Planning for Disruption and Catastrophic Events

 

Our Business Services Group is available to help with your business succession concerns at (518) 867-4000 x107 or todd@nlgadvisory.com.