As you look at your organization’s current leadership, inevitably you will ask whether you have the right people and place, and if you should have a buy-sell agreement. KDV experts will assist you in identifying advantages and disadvantages of different options, help you assess these options and help you to determine what strategy will work best for your business.
Whether selling your business or transferring it to your family during your lifetime or at your death, the value of your business must be established and the tax liability must be determined. KDV has business valuation expertise to help you value your business appropriately and assess the tax consequences of your transaction.
Where will the money come from to buy the business? Without proper planning, your family or your successor could lose money or, worse yet, lose the business itself. Through KDV’s careful succession strategies, we can help you plan so that funds are available when needed to keep the business running smoothly and according to your wishes.
Business succession planning requires a proactive approach to working out the financial details that follow the sale or transfer of a business. With a succession plan from KDV, you know where the money will come from to pay taxes or fund your buyout and to provide for adequate capital to carry the business through any transitional period.
With a good business succession plan, the reputation of your business and the goodwill built up over the years can remain after you are gone – and your successors can continue to be successful. You can count on KDV to support your success as you transition your business.
Our succession planning services include:
KDV provides succession planning services in Minneapolis and St. Paul, St. Cloud and throughout greater Minnesota.