Small Business Succession Planning

You have worked hard in your small business all your life and it has been your life. A lot of blood, sweat and tears define your years of operation. Now what will happen when you retire, die, or become seriously ill?

We can help you answer these questions:

  • How many more years do you want to work? It takes 1 year, if not 5, to develop and enforce your succession plan.
  • Are you planning on the revenue from the business for your retirement?
  • Do you want to keep the business in your family?
  • Who will run the business?
  • What are the plans to minimize your tax bite when you retire?

Your Padgett accountant can assist your small business by:

  • Securing a Business Valuation, completed by a Certified Business Valuator.
  • Business restructuring.
  • Minimizing the tax repercussions with tax projections.
  • Financial planning with retirement considerations.

Call Christy at (586) 474-4855to start the process.

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Padgett Business Services | Troy

How does a single, yearly conversation help you limit the cost of taxes or reduce expenses? Your advisor needs in-depth knowledge of your business in order to show you how to save money. PADGETT'S onboarding process means they understand your business as well as you do, helping you protect your profits with the SmallBizPros™.

Begin your personal relationship with one of PADGETT’S 400 local owners and small business consultants, and become empowered to grow your business with efficient service and peace of mind.

Start Planning For Your Future Now