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Business Exit and Succession Planning

BUSINESS EXIT AND SUCCESSION PLANNING SERVICES THAT PROTECT YOUR COMPANY NOW AND IN THE FUTURE

As a business owner, planning for the future is a given. You know it must happen – yet because you are caught up in the day-to-day, coming up with a viable and sustainable succession plan often gets delayed or is developed as a reaction to an unexpected event. We know you have a full plate, but we also know that you’ll most likely want to see your business continue to prosper, even after you pass the torch to your successor. Our business exit and succession planning services can help to position your company so you can move into the future with comfort and confidence.

People are often surprised by the length of the process, but fully transitioning the ownership and operations of your company takes a significant amount of time – typically three to five years. It’s tempting to postpone making plans for your company, but waiting too long dramatically decreases your options – and will just increase your stress.

We understand how difficult this decision-making process can be for our clients, which is why we always provide hands-on support, taking a vested interest in every interaction and engagement. You get knowledge and continuity from our people that serve you, who pride themselves on delivering a collaborative, positive Mercadien Client Experience. In many cases, we’ve already demonstrated this by working in partnership with you or your business. Our clients tell us they feel confident knowing we are with them – driving not only the business exit planning process, but its implementation as well. Together executing on a clear roadmap is key to successfully arriving at your desired business exit or succession plan.

HARVEST YOUR CAPITAL

When you embark on your business succession planning journey, you will encounter myriad choices along the way about which direction to take to best harvest your capital – whether that’s selling to a third party, key employees or to family members. The decision-making process can be complicated, but we will clearly identify and articulate your options to ensure you choose the right method of transferring ownership for your company. Our goal is always to maximize your long-term value. Value comes in many forms – minimizing estate taxes, maximizing sales proceeds (after tax), and ensuring multigenerational success are just a few. Sometimes the proper succession plan means making tough calls – we’re here to help you weigh your alternatives and minimize risks to you and your business for the best outcome possible.

At Mercadien, we’re business people working on business issues – we deal with the same business succession planning issues ourselves. You can expect us to bring to the table a culmination of our best practices gleaned over generations and the brightest team to assist you during this time of transition. Our resources run deep – as part of our business exit and succession planning services, we can also help you with your long-term strategy for wealth management – while managing your business and beyond.

OUR BUSINESS EXIT AND SUCCESSION PLANNING SERVICES INCLUDE

  • Conducting interviews with key family and non-family managers
  • Clarifying your goals and those of key employees
  • Developing a written succession plan and documenting the necessary skills to operate the business
  • Interviewing and evaluating potential successors
  • Analyzing alternative succession plans to determine their advantages and disadvantages
  • Planning a succession training program in advance of the owner’s retirement
  • Creating contingency plans for unexpected situations
  • Implementing the succession plan

COMMUNITY INVOLVEMENT

  • Business Enterprise Institute for Exit Planning Solutions

BUSINESS EXIT AND SUCCESSION PLANNING TEAM MEMBERS

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