Succession Planning

Business succession planning involves planning for the smooth continuation and success of a business. Naturally, this depends greatly on the availability of competent people. One of the concerns may be that there is no successor to drive it once the leader or key person leaves—either by choice or by circumstances. BAKER SPINDLER HOLTZ assists closely-held businesses with the identification and preparation of suitable employees through mentoring, training and job rotation to replace key players—such as the chief executive officer (CEO)—within an organization as their terms expire. We also help structure the transfer of assets from one generation to the next to minimize tax obligations.