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Strategic Transition Planning
As everyone is aware, no one lives forever. So regardless of current plans, if you or someone you know owns a business, it is important to face the reality that one day, it will have a new owner, and that owner will be one of the following: a family member, one or more members of the management team, or a third party. When that transition happens, the ease and financial efficiency with which it takes place will largely result from decisions made in the years leading up to the transition.
The most effective transitions of family and closely held businesses require a plan developed several years in advance of the transition. This process requires a team of professionals, with each member possessing specialized, in-depth knowledge of one of the numerous aspects of the business transition. Strategic Transition Planning (STP) is a formalization of the expertise that Decosimo has provided for decades.
The STP procedure integrates the many disciplines used in business transitions. This integration simplifies the process while still providing the sophistication required.
Our STP team brings the following expertise to the planning:
Many business owners do not have a clear idea of how or when they will transition their business. One thing Decosimo knows for sure is only by careful planning can business owners maximize the proceeds from the transaction and minimize tax liabilities.
The business transition is one of the most emotional and impassioned financial decisions an owner will ever make. Given the significance of this decision, seasoned professional advice can add significant value to the business owner. However, often, we have seen the tendency is to delay the decision until the last possible moment, which frequently results in significant failure to achieve the maximum value for the stakeholders. Decosimo’s STP team understands the intricacies of family businesses, as well as the complexities of deciding on an appropriate method of transition. If you or someone you know would like to discuss business transition and obtain a better understanding of how to transition the business in a way that maximizes value, please contact us in confidence at 800.782.8382 or firstname.lastname@example.org.
1 Corporate finance services are provided through Decosimo Corporate Finance, LLC, member FINRA/SIPC.
Decosimo is an independently owned and operated member firm of both the Moore Stephens North America (MSNA) association of member firms and the Moore Stephens International Limited (MSIL) network of member firms. Neither MSNA nor MSIL provide services to clients. Decosimo is a separate and distinct legal entity, subject to the laws and professional regulations of the jurisdictions in which it operates, and is not authorized to obligate or bind MSNA, MSIL, or any other member firm of MSNA or MSIL. Decosimo is liable only for its own acts or omissions and not those of any other person or entity including MSNA, MSIL and other member firms of MSNA and MSIL.