As an owner of a successful business you have survived the start-up phase of your business and are probably focused on the current operations and growth of your company. It is not uncommon for the owner of a business to have no plan for the transition of the company upon retirement. Business succession planning is the management of the transition between you and the future owners of your business.
There are numerous issues to consider when planning for the transition of your company including the management and ownership of your company as well as tax liabilities associated with the transition. The complexity of these issues is the primary reason that many businesses do not survive the transition from founder to future owner or family member. BCH Consulting, Inc. can assist you in planning for the eventual transition of your company so that the value that you have worked so hard to create can be realized.