Developing A Comprehensive Picture of Your Business
​​You understand all too well the effort that goes into creating a successful business. It is no surprise that a successful transition – whether it be selling all or part of your business or passing it on to an heir – requires substantial work as well.
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During this significant emotional and financial event, it’s imperative to have someone by your side carefully reviewing the deal and keeping your best interests in mind as you cede control of something you’ve tended to for years. You’ll also need to factor in how the proceeds will fit into your overall financial and retirement income plan – in the most tax-efficient way possible.Â
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We can work with you to properly value your business, create a succession plan designed to maximize its financial potential, and address the details essential to all parties concerned. Alongside other professionals such as your tax professional and attorney, we work to develop a comprehensive picture – legal, structural, operational and financial – of your business. Together, we ensure your interests are well represented as you transition out of your business and move on to the next stage of your life.
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GETTING READY
Regardless of how you are passing on the business, you may need at least two to three years to fully prepare your business for new leadership if you are not planning to continue in a leadership role. We understand that there are many moving parts to a business deal and can provide you with guidance to ensure things go as smoothly and profitably as possible.Â
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SEARCHING FOR A MATCH
Whether you’ve decided it’s time for a full or partial sale or are merely starting the search for the successor of your business, we help you take the steps necessary to determine who you would feel comfortable taking on the business.Â
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MAKING THE TRANSITION
We understand that financing details are crucial when it’s time to transition out of your business, particularly if you’re looking for the proceeds to provide added cash flow in retirement. When it’s time, we work with you, the buyer and your team to reach a deal everyone can agree on.Â
This information was developed by Raymond James. It is general in nature, and is intended solely for the purpose of illustrating conceptually how a particular estate planning technique might work, based on various assumptions. Whether the planning technique is appropriate for you will depend on your goals and your specific situation. This is not a complete statement of all information necessary for making an investment decision, and is not a recommendation, or a solicitation to buy or sell any security. Investments and strategies mentioned may not be suitable for all investors. Past performance may not be indicative of future results. Raymond James does not provide advice on tax, legal, or mortgage issues. These matters should be discussed with an appropriate professional.
