Transitioning your business?
We can help you harness
the power of planning.
Our 2017 research report, The Power of Planning, provides answers to the transition questions modern leaders are asking.


What can go wrong if an owner fails to create a specific plan?

Possible consequences of not having a plan include a forced sale of the business, disputes over business control, excessive taxes, or lower valuation.
What advantages can a business owner gain by starting the transition planning process early?

Key benefits of starting the process early are more flexibility for leadership transfer, better tax planning, and higher business value.
What are the key steps in a robust, strategic business transition plan?

The journey to a successful plan is a six-step process involving review of your current plans, building your team, determining and documenting your goals, assessing your transition options, considering your available business transition tools, and implementing your plan.
What are some popular options for transferring all or part of an ownership stake?

There are many possible strategies for transferring ownership – including keeping the business in the family, selling to other owners, selling to management, and selling to employees.
Who are the critical experts needed for robust planning and execution?

An experienced personal wealth manager can play a vital role and can act as a point person for coordinating other experts, including a valuation specialist and commercial banker.



Why owners don’t plan for transition


78%
of 200 owners cite the fact that they enjoy running the company

44%
say transition is too far away to start planning

42%
say they are too busy




The Value of a Transition Plan


Flexibility
The earlier business owners begin planning the transition, the more options they have for gradual transfer.
Higher Valuation
A sound transition plan signals stability and security to investors, which can increase valuations.


Protection
Advance planning makes a company less vulnerable in the event of unexpected circumstances, like a death or accident.
Peace of Mind
An owner's family, employees, business partners, creditors and others can rest more easily when they know the company has a plan.


Tax Minimization
A well-crafted transition plan can reduce income, estate, and gift taxes.

Contact Us
Frederick M. Hopkins, JD, CFA
Director of Wealth and Fiduciary Planning
410-545-2763      Email Frederick

Contact Us
Anthony Viducic
Director of Wealth and Fiduciary Planning
201-580-4656      Email Anthony

Contact Us
Mike Morgan
Vice President and Senior Private Client Fiduciary Advisor
404-760-2156      Email Mike

Contact Us
Blair Talty
Vice President and Regional Director of Wealth and Fiduciary Planning
856-330-8012      Email Blair

Contact Us
Drew Horowitz
Vice President and Director of Wealth and Fiduciary Planning, Central Pennsylvania
717-255-2179      Email Drew

Contact Us
Jonathan Fitzgerald
Vice President and Director of Wealth and Fiduciary Planning, Florida
561-514-6730      Email Jonathan

Contact Us
Laura Ferrino
Vice President and Director of Wealth and Fiduciary Planning
716-848-7531      Email Laura

Contact Us
Bruce Hoffmeister
Director of Wealth and Fiduciary Planning
202-434-7021      Email Bruce

Contact Us
Marguerite Weese
Director of Wealth and Fiduciary Planning
302-636-5092      Email Marguerite

Share this page

              


Transitioning your business?
We can help you harness
the power of planning.
Our 2017 research report, The Power of Planning, provides answers to the transition questions modern leaders are asking.


What can go wrong if an owner fails to create a specific plan?

Possible consequences of not having a plan include a forced sale of the business, disputes over business control, excessive taxes, or lower valuation.
What advantages can a business owner gain by starting the transition planning process early?

Key benefits of starting the process early are more flexibility for leadership transfer, better tax planning, and higher business value.
What are the key steps in a robust, strategic business transition plan?

The journey to a successful plan is a six-step process involving review of your current plans, building your team, determining and documenting your goals, assessing your transition options, considering your available business transition tools, and implementing your plan.
What are some popular options for transferring all or part of an ownership stake?

There are many possible strategies for transferring ownership – including keeping the business in the family, selling to other owners, selling to management, and selling to employees.
Who are the critical experts needed for robust planning and execution?

An experienced personal wealth manager can play a vital role and can act as a point person for coordinating other experts, including a valuation specialist and commercial banker.



Why owners don’t plan for transition


78%
of 200 owners cite the fact that they enjoy running the company


44%
say transition is too far away to start planning


42%
say they are too busy




The Value of a Transition Plan


Flexibility
The earlier business owners begin planning the transition, the more options they have for gradual transfer.


Higher Valuation
A sound transition plan signals stability and security to investors, which can increase valuations.


Protection
Advance planning makes a company less vulnerable in the event of unexpected circumstances, like a death or accident.


Peace of Mind
An owner's family, employees, business partners, creditors and others can rest more easily when they know the company has a plan.


Tax Minimization
A well-crafted transition plan can reduce income, estate, and gift taxes.

Contact Us
Frederick M. Hopkins, JD, CFA
Director of Wealth and Fiduciary Planning
302-636-5092      Email Frederick
Contact Us
Anthony Viducic
Director of Wealth and Fiduciary Planning
201-580-4656      Email Anthony

Contact Us
Mike Morgan
Vice President and Senior Private Client Fiduciary Advisor
404-760-2156      Email Mike

Contact Us
Blair Talty
Vice President and Regional Director of Wealth and Fiduciary Planning
856-330-8012      Email Blair

Contact Us
Drew Horowitz
Vice President and Director of Wealth and Fiduciary Planning, Central Pennsylvania
717-255-2179      Email Drew

Contact Us
Jonathan Fitzgerald
Vice President and Director of Wealth and Fiduciary Planning, Florida
561-514-6730      Email Jonathan

Contact Us
Laura Ferrino
Vice President and Director of Wealth and Fiduciary Planning
716-848-7531      Email Laura

Contact Us
Bruce Hoffmeister
Director of Wealth and Fiduciary Planning
202-434-7021      Email Bruce

Contact Us
Marguerite Weese
Director of Wealth and Fiduciary Planning
302-636-5092      Email Marguerite


Share this page