Succession

10 Items to Include in the Letter of Intent When Preparing to Sell Your Business

February 27, 2023

Our experience has shown that clarifying transaction structure and provisions prior to signing an LOI will lead to a quick, efficient, and successful transaction closing.View

Succession Planning: It’s Better to Start Early

January 17, 2023

If a business owner is considering exiting his or her business, there are a number of steps that should be taken to ensure maximum value.View

The Importance of the Letter of Intent in an M&A Transaction

September 21, 2022

Depending upon whether you are the buyer or the seller, the LOI can impact you differently so it is critical to understand and thoroughly evaluate the key provisions of the agreement.View

It’s Time to Revisit Your Old Shareholder Agreement

September 1, 2020

The global pandemic has had business owners rethinking their processes, procedures, and plans. While most owners are focused on day-to-day operational matters to weather this current economic environment, many are also strategizing and revisiting corporate documents to ensure they reflect the new reality.View

Not Ready to Transition Your Business? Hiring a President Can Be a Rewarding Alternative

December 23, 2019

For a private company owner who's ready to take a step back from the business but doesn't want to sell, hiring a president can be a rewarding alternative.View

11 Do’s and Don’ts of Succession Planning

August 29, 2019

An ideal succession plan enables a smooth transition, minimizes disruptions to the business, and incorporates the following do’s and don’ts to achieve an effective plan.View

A Major Challenge Facing Your Family Business Succession Plan

July 2, 2019

Studies have shown that only a third of family businesses remain successful with the second generation at the helm, and even fewer survive future generational transfers.View

4 Reasons Why Succession Planning Matters

May 8, 2019

Various surveys have reported that a majority of business leaders consider succession planning a critical or important priority, yet few believe that their organizations do it well. The overarching question to be asked, then, is “Why does succession planning matter?”View

6 Basics Steps for Succession Planning

March 14, 2019

Here is an outline of the basic steps that should be incorporated in most succession plans.View

Succession Planning Best Practices

January 10, 2019

When a business owner looks to transition, it may create uncertainty and tension for both internal and external stakeholders. To alleviate concerns and minimize risks, certain steps should be taken to ensure a smooth transition.View