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Most business owners at some point in their career consider the prospect of exiting the business. Retirement is the main driving force behind this thought process but, as he or she gets older, the likelihood of illness or death intervening takes on a higher profile. When you first set foot in this territory you discover a whole new world of questions with long term implications for your decisions.
Some of those questions might be.
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How will you be paid for your interest in the business? |
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Will your fellow shareholders/partners buy you out? |
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Why should they? Are they obligated to? |
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How can you be sure your partners can raise the cash? |
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Will it be one lump sum up front or, down payments over a period of months or even years? |
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In the event of death, will your family be forced into costly legal action to obtain what is rightfully their inheritance? |
Every person who goes down this path is faced with these same dangers that increasingly frustrate the progress of the entrepreneurial business owner. That's why we created The Business Succession Gatekeeper ™. It gives the entrepreneur a new, better and different way to reduce the complexity, to look forward, to take control of their future.
The Business Succession Gatekeeper ™
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dramatically increases awareness of shareholder vulnerability |
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heightens the need to preserve the value of their equity |
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provides the means to extract that value at the appropriate time |
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delivers certainty for the business owner's family and business partners and staff. |
It is our unique process, a series of structured conversations, created to ensure business owners and other stakeholders have suitable mechanisms in place to protect their role and investment in the business. That
on the retirement, death, or disablement of the entrepreneur, the surviving owners will buy his/her interest and the deceased's estate will sell that interest to the survivors.
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But, step back for one moment. Which one will you be, the outgoing entrepreneur, the surviving entrepreneur? Will your estate be looking to obtain maximum value for your interest or, will you be the "not too willing buyer" looking to purchase at a lower value?
Through our work with entrepreneurs we have developed a framework for understanding the issues, a set of tools to assist in the process and a comprehensive plan to bring certainty and clarity to their futures.
Our Partner Access Program ™ supports our clients in their journey and brings together the capabilities of specialist professional advisers to deal with issues all too often placed in the "too hard basket".
Our unique process has eight important conversations.
1. |
The Discovery Process ™ |
5. |
The Health Filter ™ |
2. |
The Foundation
Analysis ™ |
6. |
The Application Accelerator ™ |
3. |
The Scale
Model ™ |
7. |
The Future Care Document ™ |
4. |
The Options
Strategy ™ |
8. |
The Gatekeeper Advantage ™ |
You can come to us if you have a lawyer, or if you don't have a lawyer. You can do the entire process, or just focus on one or two conversations. It completely depends on how you want us to help you.
Our process is dedicated to providing clients and their families with a resolution to this problem of business succession. It provides the added advantage of greater simplicity and focus in their lives. It increases the confidence of all parties associated with the business, owners, staff and clients alike.
The Business Succession Gatekeeper ™ helps deliver certainty. With certainty usually comes stability. Planning for business succession will frequently save significant taxes and stamp duty and minimize professional fees on the departure of a business owner.
If you are a business owner wrestling with some of these issues and would like to know more about how The Business Succession Gatekeeper ™ can help, we would love to speak with you. |
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