As more of the current generation of successful business executives prepare for retirement, the best way to ensure your business will continue to grow is through a well-designed succession plan. Whether you own a family business or run a large corporation, succession planning should be one of your top priorities. Having a viable plan in place will ensure smooth transition when the time comes for you to transfer ownership or management of your company to the next generation of leaders.
The decision to retire or pass on operations of your company is never a simple one, which is why succession planning should begin early and evolve over time to meet the needs of your business. That’s where our team of experienced advisors can help at Tanner.
A Custom Solution for Every Business
Tanner LLC understands that succession planning is not a one-size-fits-all process, and what works for one business won’t necessarily be the right option for another. Developing a customized plan that addresses the specific needs of your business ensures can help reduce or eliminate problems that might otherwise come up during the transition process. Our team is well-versed in constructing plans that address some of the most common thing that come up during a change in leadership, including leadership skill assessments, business restructuring, and tax implications. Our experienced consultants will help you find answers to common questions, such as:
*Should you pass the business on to a family member or sell it to a third party?
*How can the business succeed during and after a leadership transition?
*Who is best qualified to run the business after you retire?
*How will members of your family and your staff receive your decision about who should take ownership of the company?
Regardless of the size of your business, we are here to help you prepare a well-structured succession plan to avoid any interruption to your business during and after the transition.
Let’s talk about your company’s succession plan. Please call us to set an appointment.