Mark A. Guillaume, Mark A. Guillaume, CPA, CIPMDirector, Audit & Accounting and Construction Industry Group Co-Leader, recently wrote an article on preparing for a successful exit from your construction business for GBCA's Construction Today magazine. Many construction companies are privately-owned, and a good deal of their owners are at a point in their lives where they have run the business for a long time and are considering what's next. If your plan is to transfer your company's ownership to family members or employees within your management team (known as successors), it's a good idea to give yourself and your successors plenty of time so the transition is a win for all parties involved.

In this article, Mark offered a number of tips for preparing your company's successors - both before and after they take over the reins.

Read the article