Business Succession Planning

If you currently own a business and are considering retirement, the development of a plan to gradually transfer management of the business to others can be complicated. A well-organized plan can help the transition go smoothly and anticipate areas of potential difficulty.

We can help you with these key issues:

  • Keeping it in the family. Are you going to pass the business on to your family or sell it to a third party? We help you weigh the advantages and disadvantages of each of these options.
  • Who’s going to run the business when you’re gone? Management and ownership are not one and the same. You may decide to transfer management of your business to just one of your children but transfer equal shares of business ownership to all of your children, whether they are actively involved in the business or not.
  • Minimizing taxes. The tax burden when transitioning a family business can be significant. The challenge is that a family business is not generally a liquid asset, but taxes are typically due shortly after ownership is transferred.
  • Making it fair. Transferring family ownership often adds a tremendous amount of stress to individual family members. We can consult with each family member to ensure that they feel they are getting an equitable and fair share of the pie.

Please complete the form below or call us to schedule a consultation related to our business planning and consulting services.

Let us help you pass on what's taken a lifetime to build by requesting a consultation below.

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At Kutas & Associates, PC, we have been fulfilling the accounting and tax needs of clients throughout Michigan for years. If you need help managing any aspect of your personal or business finances, we want to hear from you!

Please fill out this form or call and let us know how we can be of service. We will schedule an initial consultation to determine how we can best serve you.

Thank you for visiting. We look forward to working with you!

Kutas & Associates, PC

6017 W. St. Joseph Hwy, Suite 201
Lansing, Michigan 48917
T: (517) 323-7508
F: (517) 323-0585
E: info@kutaspc.com

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