Business Succession Planning and Ownership Transition
Advisory Services
Prepare for a change in ownership while you still have time to shape the outcome.
You don’t need a buyer or a retirement date to start planning. Understanding where your business stands today gives you time to address issues that could affect a future ownership transfer.
Wegner CPAs helps owners of closely held businesses work through the financial and tax decisions involved in succession planning. Whether you expect to keep the business in the family or sell, you’ll have guidance grounded in what your business is worth and what a transition could mean for you.
What Needs to Happen Before You Step Back?
A business valuation gives ownership discussions a more objective starting point. You’ll gain insight into what drives your company’s value and what may affect a future transfer. Those findings can inform discussions about pricing, buy-sell arrangements, and how ownership interests will change.
The way a transition is structured can affect what you receive and the taxes you owe. We help you understand the financial and tax implications of proposed ownership changes, so you can evaluate structure and timing before an agreement is in place.
Strong profits don’t tell the whole story. A business may depend heavily on one customer or on the owner’s day-to-day involvement. Our valuation work helps bring those concerns into focus, giving you a clearer sense of what deserves attention while there’s still time to make changes.
If borrowing will be part of the transition, you need to understand the demands it could place on the business. Our business financing services help you evaluate funding needs and prepare financial projections, including information lenders may request.
When a potential sale becomes more immediate, our mergers and acquisitions advisors help you prepare for financial review and evaluate the proposed transaction. You’ll have financial and tax due diligence support, with guidance on structure and negotiations as you move toward closing.
Business Value and Your Tax Picture, Considered Together
Your business’s value is one part of an ownership decision. How the transfer is structured can affect your taxes and what the transition means for you financially.
Wegner brings tax advice and valuation expertise to the same conversation. We help you connect the findings, so you can evaluate your options with a clearer understanding of their financial impact. Starting early gives you time to address concerns before they become obstacles to a transfer.
Start With Where You Are
You may be exploring your options for the first time. You may already have a proposed transfer to evaluate.
We’ll talk about what you want to accomplish and the questions you need answered. Together, we’ll identify the appropriate scope of work and explain how we’ll work with your team. That may begin with a valuation or a review of the tax implications of a proposed ownership change.
Tell us what you’re considering, even if the details are still taking shape. We’ll help you identify the financial questions to address first.
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Going far beyond the standard accounting and tax services, our CPAs specialize in several industry areas and are in tune with the opportunities and challenges faced by each.
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We are committed to providing you with the tools you need to make sound decisions every day. Check out our extensive mix of educational resources, and please contact us should you need any help finding the answers to your questions.
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