BUSINESS SUCCESSION PLANNING
In its most basic form, a succession plan provides a road map for your partners, heirs and successors in the event of your death, disability or retirement. A well-designed business succession plan can successfully facilitate the sale of your business and create a market for illiquid stock. A business succession plan should address:
- Determining a value of the business
- Selection of the optimal funding levels
- Considering the company’s financial position
- The orderly distribution of other corporate assets in addition to business stock
- Managing debt retirement schedules
- The division of responsibilities among successors
- Development and retention of those who will replace the owner
- Coordination with estate planning documents
There are numerous strategies for transferring small business stock to the next generation and each has its own unique estate, gift, income and capital gains tax consequences that must be evaluated. In our extensive experience working exclusively with business owners, we have dealt with numerous succession plans and the unique tax, familial and employee retention factors that must be considered and appropriately addressed.
We Specialize In:
- Proprietary Life Insurance
- Private Wealth Transfer
- Business Succession
- Charitable Planning
PHILOSOPHY:
In our extensive experience working exclusively with business owners, BryanMark has dealt with numerous succession plans and the unique tax, familial and employee retention factors that must be considered and appropriately addressed.
Legal Disclaimer:
BryanMark Financial Group, and/or its agents are licensed to sell traditional life insurance in: FL, IL, IA, IN, KS, MO, NE, NC, OK and VA. Insurance services are limited to residents of the listed states. Residents of other states should consult with a local agent for insurance services.
Securities products, may be sold in the following states: IL, KS and MO. Residents of other states should consult with a local registered representative for securities products.
Securities and Investment Advisory Services offered through registered representatives of M Holdings Securities, Inc., A registered Broker/Dealer and Investment Advisor, Member FINRA/SIPC. BryanMark is independently owned and operated.
BryanMark Financial Group is a member of M Financial Group.
Please go to www.mfin.com/DisclosureStatement for further details regarding this relationship.