Chicago Business

Succession Planning

If one thing is certain today, it’s that you can’t be certain about what will happen tomorrow. You can however, be certain that you’ve taken action to help protect yourself and your business from the unexpected. The death or disability of an owner is one of the greatest threats to a business. Not only can it severely impact the day-to-day operations, it can also raise all sorts of business succession and estate tax problems.

Succession planning affects everyone who has an interest in the business. It is critical that you have meaningful discussions about often overlooked issues such as who the value of the business, who the ideal successor should be, and what is the timetable for transition. No matter what event occurs, either expected or unexpected, we will assist you in developing a succession plan that helps ensure a smooth transition for the future of your business.