Business Consulting Services
Business Succession Planning
Business succession planning is a necessity for any family-owned business, although it is often a very uncomfortable subject to gain any traction on. As the owner of a business, chances are you have begun planning for retirement. However, there is much more to retirement than simply turning over the keys to office.
There are a number of very important questions that need to be addressed, such as:
- How do you ensure that you will have enough money to secure a comfortable retirement?
- What will happen to the business after you leave?
- Who will manage the business and in what capacity?
- How will you go about the complicated task of transferring ownership?
- Is it better to have the business carry on within the family, or is it a better idea to sell the business?
- What are the tax implications of a business ownership transfer?
Discussions regarding business succession planning are often difficult to begin because it involves a wide range of emotions and sometimes conflicting priorities and agendas. Without a strong succession plan in place, your business may not survive the next generation.
At Anstiss & Co., our team of experienced CPAs has been helping to construct business succession plans with our business consulting services since the firm opened its doors in 1964. We understand the nuances of transferring ownership of a business, enabling you to maximize the effectiveness of the business going forward and minimize your tax burden.
When retirement beckons and it is time to transfer your business to the next generation, engage Anstiss & Co.'s business consulting services. Call 978-452-2500 or fill out or contact form on this page to speak with one of their accounting professionals.
