Succession Planning

BFBA has worked with dozens of businesses to help them shape a succession plan that ensures a healthy transition and secure future for their companies.
Ensure the continued success of your business.

Effective coordination of the transition of your business to your successors is critical to ensure its continued success once you decide to remove yourself from the company’s day-to-day operations.

Our team of experienced professionals will meet with you to discuss key issues, such as the current business value and options for selling, tax and estate consequences, and future leadership possibilities, all while being empathetic to the sensitive nature of the transition. We have worked with dozens of business owners to create, implement, and manage the succession process.  With a solid background in tax and other financial matters, we are fully qualified to address the complex issues of business continuation and can assist you in developing a strategically sound plan.

BFBA is committed to shaping a succession plan that will ensure a healthy transition and a secure future for your company. Our experience will help you make the most informed decisions regarding the future of your business.

Our succession planning services include:

  • Creating and helping to execute an exit strategy and timeline
  • Identifying the most appropriate candidates for leadership positions
  • Navigation of family matters, including choosing a successor
  • Facilitation of communications to family members, clients, and outside stakeholders as needed
  • Business valuation
  • Buy/sell agreements and preparing the business to receive the best terms and price in a merger or acquisition
  • Maintenance of financial liquidity
  • Assistance with reorganization or choice of entity structure