Business Succession Planning

Plan for your business’s future while ensuring you maximize its value, stay in control, and minimize risks

Succession planning is one of the most critical financial decisions a business owner will ever face. At Keiter, our collaborative approach provides thoughtful, innovative succession planning solutions for your privately-held business. By working closely with you, we ensure your plan aligns with your vision and provides peace of mind. Our primary focus is to help you define and secure the future of your company.

Why Succession Planning Matters

As a seasoned business owner, you may be facing complex planning questions about next steps for you and your business:

What is the long-term outlook for my company and industry?
When is the right time to slow down or step aside?
What happens to my business if unexpected events occur?
How can I maximize the value of my business if I lack family members or key employees interested in succeeding me?
Should I explore alternatives, such as ESOPs?

Our team has the knowledge and experience to help you evaluate these considerations and craft a plan tailored to your goals.

Key Considerations in Succession Planning

Your unique expectations and objectives are central to developing a comprehensive transition strategy.

Critical aspects to consider include:

Business valuation: Understanding the worth of your business.
Ownership and control: Structuring how the business will be managed.
Management team: Building and retaining a skilled team.
Long-term viability: Ensuring your business thrives after your departure.
Estate tax planning: Reducing tax burdens for you and your successors.
Financial security: Providing for your retirement.

Transfer methods: Choosing the right approach for ownership transfer.
Timetable and strategy: Aligning the transition with your preferred timeline.
Tax minimization: Structuring the process to reduce tax liabilities.

At Keiter, we leverage our unified client service process to work collaboratively and proactively with our colleagues in other departments (Assurance, Tax, Valuation, and Advisory) to efficiently and effectively meet all of your succession objectives.