Succession Planning

As a successful entrepreneur, you know how to run your business. The question is, do you know how to stop running it? We understand the challenges of succession planning, not only from a financial perspective, but a personal one as well. With clarity of vision, we can guide your business to the next stage.

Building a succession plan will likely be one of the most difficult challenges you will face as an entrepreneur. The risk taking, problem solving and forward thinking strategies you developed while leading your business may not be as useful when transitioning out of a life's work.

We have worked with companies of all sizes from across the country, investigating the available options from a personal and family perspective and from a tax, commercial, financial, risk and regulatory perspective. Whether you hope to pass on your business to a family member or sell to an outside suitor, we can guide you through a comprehensive plan that enhances wealth and positively affects the family dynamics.

The accountants and advisors of Collins Barrow have the experience and expertise necessary to ensure your exit plan allows you to reap the full benefits of your hard work. Our approach, process and diligence are second to none. We are the trusted advisors of choice.

Design Your Future

You have invested more than just time and money into your business. On a financial as well as personal level, we are focused on ensuring you enjoy the full benefits of your hard work.

Developing and executing a succession plan is a unique and often difficult part of your journey as an entrepreneur. To get the rewards you deserve, you must consider a number of factors:

Understand Your Options

Do you have a suitable son, daughter or relative to transition the business to? Or are you ready for a clean-break sale, ending your involvement with the venture completely? Passing on to a family member or orchestrating an external sale are just two of the many possibilities available to you. You might consider disposition strategies that maximize individual asset values, working with current management on a buy-out, or appointing a caretaker manager that keeps you connected with your venture. In all cases, it is imperative you understand the tax, financial and legal impact these decisions will have. Collins Barrow can offer an unbiased review of each option, as well as provide advice on which path to choose.

Plan Ahead

Determining the fate of your business can be a difficult challenge to face - one that becomes increasingly more difficult the longer you wait. Delaying the decision-making can lead to a more stressful transition when the time eventually arrives, or worse, it can limit your options and leave less in your pocket after tax. Collins Barrow professionals can assist with reviewing and developing insurance and other strategies to maximize value and wealth. Maximize the potential of your business by starting early on a comprehensive plan.

Benefit From Unbiased Advice

Our role as your trusted partner is to provide informed, objective and focused advice and opinions - an invaluable perspective when dealing with succession planning. We are dedicated to serving the complex and diverse needs of our clients and our goal-oriented, adaptable approach ensures you will achieve your ultimate objectives.

At Collins Barrow, we understand how important your business is to you. With customized service and innovative solutions, we are committed to creating a solid succession plan that meets your unique goals. See the difference that clarity makes.