Exit Options: Family Succession

Are you ready to transition your business within the family?

Complete our Free ExitMap® Assessment and receive a personal Summary report which examines your level of exit preparedness in four key areas: Finance, Planning,  Profit/Revenue and Operations.

Confidential Online Consultation

Take advantage of a personal consultation. 

You will speak directly with an expert in the field, for free, for one hour. That may be all you need to set you on the right path to your succession planning.

We are experienced executives providing guidance, leadership, advice, and direction to support committed business owners in their transition strategy. 

Simply, complete the form to the right and let's get started.

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About Succession Planning

Family succession is a special subset of exit planning for business because family businesses include layers of additional complexity. The pressure of daily decision-making and implementation in a family business can add tension to every situation and especially to those associated with a transition.

There are multiple strategies to consider which include tax ramifications on the business, the sellers, the buyers, and the non-business children or other relatives. If you are considering charitable giving, the transfer of the business may be an excellent time to use charitable deductions to defer taxes on your business value.

A successful Family Succession plan requires careful consideration of critical areas associated with the transfer of the business. Family dynamics can complicate what is already a complex undertaking. Make sure you have a
comprehensive plan. For a free consultation, complete the form above or take our free ExitMap Assessment.


The Three Circles of Family Business

The three circles refer to the engagement of multiple family members in a business to include a blood or marriage relationship, family members participating in management decisions, and at least one with an ownership stake. All three must be present in order for it to be considered a true “Family Business.”

However, all three factors together set up a structural conflict that is challenging to deal with. The change in one body not only alters the effect on itself, but also the effect on the others. It is particularly apparent when family members hold two roles in the business, both employee/manager and ownership.

The pressure of decision-making and implementation in a family business adds complexity to every situation. Family members know each other too well to make a completely unbiased analysis. 

Take Our Free Online Assessment

Identify the three circles of influence especially when considering a transfer, right now for free.

Complimentary Consultation

Take advantage of a personal consultation. You will be speaking to an expert in the field, for free, for one hour. That may be all you need to set you on the right path to your succession planning.

We are experienced executives providing guidance, leadership, advice, and direction to support committed business owners in their family business transition strategy.  Simply, complete the form  above.