Business Succession Planning
Many times the entrepreneur is so busy "running" their business that they neglect "building" it. Will you ever be able to retire? What would happen to your business if you became incapacitated or died prematurely? Does it surprise you that only a third of family-owned businesses make it out of the first generation and over half of those fail to survive the second generation? We take business succession planning seriously and help you devise a solid plan of continuity. We help you determine what is important to you and then strive to help you achieve your desired outcome, whether it is shifting the business to your children over time, taking the businesses to the next level, rewarding key employees or simply determining the best exit strategy.
Protect your business and its value. A business valuation may be part of an initial succession strategy to help you determine what your business is and can be worth, maximize the amount you realize on the sale of your business, minimize the tax effects and help you improve its overall performance by looking at your big picture and showing you the businesses strengths and weaknesses. This analysis can help you develop new strategies to increase your growth and groom the right people for a succession when you retire.
It can take 7-10 years to proactively plan a successful business sale or succession to the next generation. Let's get started.
Hunter Advisors, a Minnesota Professional Limited Liability Company, PLLC, is a business law firm providing legal and financial services for businesses and the executive management. The services include business law, estate planning, business succession planning, trust services, business valuations and financial expert witness. Roben D. Hunter, owner of Hunter Advisors, is an Attorney (JD), Certified Public Accountant(CPA), Certified Valuation Analyst (CVA) and Master Analyst in Financial Forensics (MAFF).
Hunter Advisors PLLC is a business law firm providing legal and financial services for businesses and the executive management serving the Twin Cities, Minnesota area.