When your business is part of your family
For business owners, your work often has become an integral part of your identity as a person. Planning for a business transition can be fraught with emotional and financial challenges, yet it’s never too early to develop a succession strategy. Preparing a plan while you're still actively involved with the business allows you to control the future disposition and management of the business, ensure the business will provide for the future financial needs of you and your family, and help support the productive life of your business for generations to come.
Planning for success
A successful transition plan encompasses several different components, from financial and estate planning to ownership transition planning and family dynamics. It takes years, even decades, to do correctly. Plante Moran’s business transition specialists, working in conjunction with estate planning experts, tax consultants, and financial advisors, can help you develop a strategy that will open new avenues of opportunity for your business and family, both. With access to broad resources, not only through Plante Moran wealth management but also in Plante Moran’s business consulting services group, our business transition experts can bring you insights, ideas, and support that help you chart the best course for you.
Supporting your process
With the right team behind you, you’ll be able to manage the transition process more effectively to get the results you desire with less stress and less risk to your family and your business.