transition & succession planning process
Transition and succession planning involve intentional preparation using an established process that can enable owners to transition their business at the right time and on the best possible terms and conditions. Some of the key components to a successful transition and succession planning process include goal setting, business and tax planning, continuity planning and estate planning.
A properly established exit plan can help owners create a roadmap to enhance value. Without a well-developed transition plan, there can be adverse tax consequences and limited options for a successful exit in the future.
DHG Corporate Finance’s transition and succession planning initiatives include a detailed review of potential strategic options tailored for each client: