Business Succession Planning content
Business Succession Planning
Ensure your long-term plan matches the legacy you have in mind for your business.
If you’re a business owner, it’s inevitable your business will one day transfer to someone else—perhaps children, a key employee or partners. Or, maybe another business or private owner may buy you out. It is not a question of “if,” but “when.” Many owners may be unprepared, which can delay the liquidity event and have a potential negative impact on the value of the business.
Do you have the plan in place for passing the reins when you want to retire? It's essential to have formal agreements prepared to protect yourself, your family or your partners from unforeseen circumstances, to keep you in the lifestyle to which you have become accustomed--and to maximize the value of your business.
|You'll be better prepared for the unexpected.|
|A significant portion of your net worth is likely tied up in your business ownership.|
|Your family needs protection—and so do your business partner’s loved ones.|
|Your business needs the assurance of strong leadership no matter what may come.|
|Formal contingency plans help others clarify their vision for the future.|
How we can help
Your team at Associated Bank can help to provide a strategy for the eventual transfer of ownership should you retire, become disabled or pass away. If the questions and the process are handled the right way, with the right advisors providing guidance, the end result should be peace of mind and a higher degree of protection for partners and their families.
|Defining and building a formal transition plan.|
|Assessing readiness to transfer.|
|Getting a professional valuation.|
|Demonstrating solid financials.|
|Identifying the key drivers that impact value.|
We have tools and resources in place to help structure an effective business succession strategy that properly values your business, outlines specific plans for its transfer, and helps you and your family avoid distressing issues that often arise during transitions.
What's next? Connect with an advisor to talk about how we can help with your business succession needs.
Investments, Securities and Insurance Products:
|NOT FDIC INSURED||NOT BANK GUARANTEED||MAY LOSE VALUE||NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY||NOT A DEPOSIT|
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The financial consultants at Associated Financial Group are registered representatives with, and securities and advisory services are offered through, LPL Financial (LPL), a registered investment advisor and member FINRA/SIPC. LPL is not affiliated with AB-C or any of AB-C’s subsidiaries.