Business Succession Planning

The longevity of a family business depends on early and ongoing succession planning. Communicating the results of that planning to family members and other key stakeholders in a timely fashion increases the likelihood that the business and its value will endure well beyond the leadership transition.

Our succession planning advice can help you maximize the success of your business both today and in the future. It can also protect you and your heirs against losses from unexpected illness, death, and taxation. Considered all at once, business succession planning can seem overwhelming. However, Mosaic Global has the knowledge and resources to help you take it one step at a time.

 

Don’t put off until tomorrow what you can do today — start your succession planning now, while there’s still plenty of time.

  • Succession planning does not take place in isolation from the larger issue of your overall financial security. An effective succession plan will examine all aspects of your financial situation, including

Distribution of Ownership

The succession plan would guide the family is how and when transfer of ownership would take place, while outlining the mechanics of the other family and non-family stakeholders.

Role of the Family

Given complex family structures due to marriages and multiple generations, the succession plan would include decision-making process of the stakeholders, and the role of both active and inactive family members.

Financing and the Mechanics of Sale

An effective succession plan would encompass the likelihood of both growth and possible sale of the family business. This would include valuations, restrictions on shares held by family and non-family members, and timelinesfor such processes.

Legal Considerations

The succession plan would provide the legal framework under which the plan would operate, including and not limited to legal matters during transition, growth, and possible future conflicts.

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