While most businesses routinely plan and budget for sales, expenses, cash flow, profitability and growth, the best prepared businesses should also plan for and anticipate the future.
How will your business function without you? The absence of a key person can dramatically affect the value and future of a business. Developing a formal succession plan and estate planning can prepare you and your business for the future.
Everyone’s ideal future is different. Some business owners may want to step back from the daily operations into a strategic ownership role. Others anticipate leaving the company completely. Regardless of your preferences, our specialists will expertly and independently assess all of your options. Our role then is to assist you to develop and implement an effective exit or succession strategy to ensure a smooth transition, and safeguard the future of the business.
Estate planning plays the essential role of protecting your family’s wealth after you’ve gone. At UHY Haines Norton, our experienced specialists work closely with estate lawyers to put in place legal requirements such as wills, enduring power of attorney and enduring power of guardianship. We will consider different tax outcomes based on different scenarios so you can make the best decision for your family and take care of your wealth in the future.
The UHY Haines Norton team has worked with a large number of family-owned businesses, often through successive generations. We are experienced with the issues and difficulties that can arise when undertaking succession planning and estate planning, and can provide you with the security of knowing you, your family, and your business is fully prepared.
For a free, no-obligation consultation, contact us today.