Succession Planning
Creating a succession plan may be one of the greatest challenges a business owner can face. Business practices, combined with emotional forces and family issues, may raise questions as to who will be leading the company and how the transition will take place.
Beene Garter's succession planning experts understand that family issues can affect business success and, in turn, business issues can affect family harmony. Our team partners with companies and families, creating a step-by-step plan for transitioning the company to its new owners. The comprehensive, strategic plan defines the required tasks and responsible parties involved in the continuity of the company. Our goal is to create a vision for the future of the company and the family.
Our succession planning services include:
- Defining a transition process
- Reviewing the financial situation
- Identifying a successor
- Delineating between ownership and management
- Minimizing death and transfer taxes
- Addressing the needs of creditors, customers, vendors and employees