At Myatt & Bell, P.C., we have nourished our business for over 50 years and survived the ups and downs by having a succession plan in place. Just as that plan helped us through the retirement of our founding partners, a succession plan will help your business transition from one generation of leaders to the next. Establishing a solid succession plan for your business gives it the best chance at surviving after you are gone.
Like with estate planning, we don’t just handle one end of the process—we are there from start to finish. We can help you structure your business as an LLC, Partnership, S-Corp, or C-Corp and then advise you on day-to-day contract, purchase, and employee issues. As your business grows, we will help you maximize its value when you start thinking about transitioning away from the company.
As the adage goes, failing to plan is planning to fail. For businesses, this translates into financial losses. By analyzing your business, we will help you pick the best structure to meet your needs, which will minimize your tax liability and increase your control over the company. Similarly, by engaging in succession planning early, we will help you identify areas of need and maximize the company’s value so that you receive the fruits of your years of hard work. To ensure that the business continues to thrive after your exit, we typically employ the following succession tools:
Whatever your specific needs and goals may be, we’re here to protect your business and your legacy. Reach out today to get started.