Succession Planning

A Road Map for Your future

Within the next fifteen years, as baby boomers retire, trillions of dollars in business ownership will come into play and these owners will need a planned, controlled exit from their businesses to pass the business on, fund their retirement and/or ensure their legacy.

Even the most successful business owners need to address critical issues when it comes to passing their achievements on to their children, partners or new owners. The Bonadio Group can minimize the time required for this complex task, allow you to stay focused on your business, and make sure it is ready for efficient transfer in the future.

You’ll have access to experienced specialists in succession planning who are focused on helping you achieve your goals. We employ a consultative approach to succession planning, employing CPAs, wealth advisors, business valuation experts, investment product specialists, & MORE. Our goals are your goals - to ensure the survival of the business; to provide continuity to the business’ employees, customers, and vendors; and to preserve wealth for your family. 

Working with our team, we’ll help you develop and execute a succession plan that: 

  • Properly values your company so you don’t leave hard-earned wealth on the table
  • Minimizes personal, capital, estate, and gifting taxes
  • Lose control over the process by being reactive rather than proactive
  • Enables you to control how and when you leave
  • Ensures that you achieve your business and personal goals
  • Has strategic options from which to choose in order to reduce uncertainty for your family and employees

Making your financial destiny a matter of choice, not chance.

The Bonadio Group Succession Plan

  • Development of a concise statement of your business goals, personal goals, and family/estate goals. 
  • Preparation of a detailed business valuation to establish a baseline value for the business. 
  • Identification of specific ways to enhance the value of the business prior to a transfer.
  • Analysis of the pros and cons of different alternatives (e.g., third-party sale, management buyout, family succession, or liquidation). 
  • Recommendations for minimizing any capital gains, ordinary income, and estate taxes related to the transfer of ownership interests. 
  • Preparation of an action plan that details specific personal and business steps in preparation for your succession.