Business Succession Planning

Approximately 90 percent of the businesses in the United States are family owned. Unfortunately, studies show that two-thirds of closely held businesses fail to survive into the second generation.

Although owners often spend a lifetime building their business, many neglect to plan for its eventual transfer to their successors. This failure to adequately plan for management and ownership succession is a leading contributor to the low survival rate.

Our Strategies

A number of accounting firms and business consultants offer business succession plans but only address ownership succession. They fail to plan for the successful transition of management responsibility. This is usually a fatal mistake since competent management successors are often the key to a business's survival during an ownership transition.

Our approach is comprehensive and some strategies include:

	Estate Planning - provides a contingency plan in the event the owner dies prematurely.
	Management Succession - strategies for developing competent management successors.
	Transfers to Children - identify the owner's goal regarding the transfers and develop techniques to accomplish them.
	Retaining Key Employees - identify key employees and develop a retention strategy during an ownership transition.
	Transferring Ownership - designing a strategy for transferring ownership in the business at the owner's retirement.
	Unrelated Shareholder Planning - create techniques they involve complicated business ownership situations.
	Retirement Planning - designing a retirement plan strategy to meet the owner's retirement goals.
	Funding the Transfer - numerous funding alternatives and sophisticated funding methods may need to be developed.
	Valuation of Closely Held Business - perform a valuation which may be required to properly establish succession planning strategies.
	Buy/Sell Agreements - establish techniques for the orderly transfer of ownership.
	Employee Stock Ownership Plans (ESOP) - design options that might be used to transfer interest in a closely held business.
	Employee Leveraged Buyouts - establish techniques to transfer ownership to the employees.

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Business Succession Planning

Our Strategies

Use our Information Request Form for more information or a quote on any of our products and services. Review Professional Fees for information on fees, payment policies, and ways to reduce your accounting fees. Privacy Statement , Terms of Use , Acknowledgments, and Trademarks & Copyrights

Send mail to NMance@tmlg.com with questions or comments about this web site. Copyright © 2000 The Mance Leahy Group Last modified: April 29, 2004

Use our Information Request Form for more information or a quote on any of our products and services.
Review Professional Fees for information on fees, payment policies, and ways to reduce your accounting fees.
Privacy Statement , Terms of Use , Acknowledgments, and Trademarks & Copyrights

Send mail to NMance@tmlg.com with questions or comments about this web site.
Copyright © 2000 The Mance Leahy Group
Last modified: April 29, 2004