There are a few things to consider as you’re evaluating your options and narrowing the list of possible ownership transfer methods.

  • How can you minimize taxes triggered on the sale, particularly for the current owner?

  • What are the current owner’s future income needs?

  • How do we balance the gift to our successor versus to other family members? What’s fair?

  • What are the successor’s liability risks for prior activity?

  • How do we maintain the value of the business over the transition for the owner and successor?

  • How can owners and successors best maintain relationships with family and business partners?

  • What training may be required for us to ensure an effective transition?

  • What involvement or control will the current owner have in future?

Assignment

We're ready to evaluate our options for ownership transfer.

Next Step

If you're ready to evaluate your options for ownership transfer, mark complete and continue on.