WHY? Business Succession Strategies
Dr. Marcos Levy
Money and Time are invaluable assets. With time, you can make money, but money does not buy time. We could help you create a strategic financial plan to make your future come true.
If you are a business owner who is thinking about a succession plan, or an exit strategy, then you’ve already realized it can be an overwhelming process.
A Succession planning is a process that ensures your company is prepared for the future. Succession planning is a process for identifying and developing new leaders who can replace old leaders when they leave, retire or die. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available.
With the global proliferation of Social Media Entrepreneurs, issues of business succession and continuity have become increasingly common. When the owner of a business becomes incapacitated or passes away, it is often necessary to shut down an otherwise healthy business; or in many instances, successors inherit a healthy business, which is forced into bankruptcy because of lack of available liquidity to pay inheritance taxes and other taxes. Proper planning helps avoid many of the problems associated with succession and transfer of ownership.
The main objectives of a comprehensive business plan and it's succession strategy independently of the business type, size and organization typically is focus over four main objectives: 1.0: Asset protection - 2.0: Taxes commitment comply with favorable outcome - 3.0: Capital growth and 4.0: Assets proper maximization and distribution.
Once a small business owner understand and addressed the previous objectives, then the planning process start to bring the right solutions at the right time for you and your business protecting and increasing the real value of the business for which you have sweated all your life.
A comprehensive succession planning consists of several different elements that include: 1. Your family and business protection against financial risk. 2. Attract, retain & reward key employees. 3. Guarantee your business continuation, protect the real value price of your business if you need to sale it, and a variety of strategies that we can implement to help you achieve your personal, family and business goals.
Let's have a conversation, a gram of prevention is more valuable than a ton of uncertainties.
We can help you eliminate uncertainty - contact us
Marcos Levy
+1(954) 232 4164