Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company’s day to day operations. With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.
Business succession entails the transition of business ownership or operations from one person to another. To make the transition as smooth as possible, a business succession plan is recommended.
CNBC and the Financial Planning Association conducted a study that showed 78% of small-business owners plan to sell their businesses to fund retirement, but only 30% have a documented succession plan.
A good business succession plan should start with a business appraisal from a certified public accountant (CPA) and may also require buy-sell agreements, buyout documents, or the liquidation of assets.
A business succession plan can streamline the transition of ownership or management for a company and is highly recommended.
Industries we provide business succession planning for:
Rivero, Gordimer & Company has CPAs with business succession planning experience in the following industries: