Succession Planning

 

Succession Planning is the process of identifying and developing people with the potential to fill key business leadership roles in a business.

 

Alternative candidates may include one or all of the following:

• family members

• existing employees

• external parties

 

Execution of a Succession Plan in a private company often provides for some level of ownership transfer from the Existing Shareholder(s) to the Incoming Shareholder(s) and a related Shareholders Agreement being put in place. Click here for our comments on Shareholders Agreements.

 

Our role will include one or both of the following:

• An Initial Valuation to complete the first phase of the Succession Plan.

• An Annual Valuation thereafter in support of:

  • the Shareholders Agreement; and,

  • any subsequent transfers of share ownership in executing the Succession Plan.

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Click here for a PDF Version of our firm's experiences for Succession Planning purposes.

 

Contact us on a confidential no obligation basis to discuss your situation and how we may be able to assist you.