Business Succession

Preparing for a mountain expedition requires looking at the whole picture—equipment, map, risks and alternative routes to name a few. As a business owner, it is easy to focus on one foot in front of the other and wander of the trail from time to time. The same is true for retirement and succession planning. Making sure you plan early and plan often with a team you can trust develops a safe, proven and sensible route for your retirement and the transition of your business.

How we help you get there

Alternative Route Guidance
You have three options to consider regarding the transition of your business. You can sell it to a third party, transfer or sell it to family members or sell it to current employees or management – perhaps through an ESOP. No matter what course you take—the best succession plan is one that addresses five key topics.

A well-thought-out succession plan helps you pass on responsibility for running the company to a successor-owner, transfer ownership and extract your money. Identifying your path early helps determine next steps in your succession plan. Boulay assists with:

  • Strategic or Financial Buyer Analysis
  • Internal Buyer Evaluation
  • Family Development Plan

After years of hard work, we know selling or transferring your business at the right time is important to you – and it’s important to us too. Boulay helps you prepare with:

  • Financial Condition and Profitability Evaluation
  • Historical and Adjusted EBITDA Schedule Preparation
  • Financial Statements
  • Business Valuation
  • Projected Cash Flow Calculation

Deciding what you want to walk away with from the closing table sets your course. Whether it’s maximizing proceeds or leaving a legacy, we help create your plan with:

  • Intra-Family Transfer Strategy Design
  • ESOP Feasibility and Recapitalization
  • Asset versus Stock Sale Comparison

Exiting can be complex and trigger significant tax consequences. Boulay’s professionals help you minimize your tax burden and safeguard your wealth. Services include:

  • After-tax Proceeds Calculation and Timing of Deferred Payments
  • Asset Allocation Opportunities and Other Tax Strategies Review
  • Asset versus Stock Sale Comparison
  • Estate Tax Planning

Evaluating your financial ability to retire is critical, especially when the vast majority of your net worth is tied up in your business. Boulay assists with:

  • Retirement Planning
  • Estate and Trust Planning

Planning your succession strategy in advance gives you the time to do it right and maximize your returns. Boulay can guide your entire business succession planning process, listening attentively to your personal and business objectives. The result—a comprehensive integrated succession plan focused on reaching the summit—attaining your business and retirement goals.