Business Succession Planning
Effective business succession requires advance planning. Succession planning helps to ensure that a smooth transition can occur when you’re ready to retire or sell your business. We believe succession planning should include the long-term goal of retirement, but should also focus on contingency planning to protect against unexpected events. A comprehensive succession planning strategy seeks to help you:
PSC Financial brings a wealth of experienced facilitating and coordinating the succession planning process, including the technical and “people” issues that often arise. Complementing our experience is our strong network of outside business professionals experienced in a broad cross-section of business disciplines to assist you in working towards your goals in an orderly manner.
- Time your exit to maximize value (eliminating the risk of a fire sale)
- Ensure continuity of service for your clients or customers
- Provide for an efficient transfer of business to a successor or buyer of your choosing
- Retire on your schedule
- Remove emotional decision-making
- Provide career-path opportunities to existing associates and/or elevate key employees to owners
- Coordinate with your personal estate plan to minimize estate taxes
- Plan for the unexpected
PSC Financial brings a wealth of experienced facilitating and coordinating the succession planning process, including the technical and “people” issues that often arise. Complementing our experience is our strong network of outside business professionals experienced in a broad cross-section of business disciplines to assist you in working towards your goals in an orderly manner.