Analysis

Business succession planning

Cultivating enduring value

Working without a succession plan can invite disruption, uncertainty, and conflict and endangers future competitiveness. For companies that are family-owned or controlled, the issue of succession also introduces deeply emotional personal issues and may widen the circle of stakeholders to include non-employee family members. That’s why we have created a series of papers to address these important issues.

What can private companies do to get started and  how should they address existing plans? The volumes in this series focus on the many considerations for private companies as they plan for business succession. Together, they create a library that can help business leaders identify and overcome the challenges that stand between them and an orderly transition of the management and ownership of their companies. Subscribe here



Volume 1: The need for planning

Download PDF

Volume 1: The need for planning

Many privately held businesses display solid professionalism and enviable profits in their daily operations, yet fail to properly plan for and complete the transition to the next generation of leaders. Learn more about strategic long-term planning in this first volume of our Business Succession Planning series.

 

 

Volume 2: ​Establishing a foundation

Download PDF

Volume 2: ​Establishing a foundation

​For most public companies, the choice of an entity structure is fairly straightforward. But private companies have more choices and need to decide which structure is the right fit for their long-term goals. This volume focuses on how the choice of entity structure, valuation methods and financing options can impact business succession planning – and outcomes – for private businesses.

Volume 3: Developing future leaders

Download PDF

Volume 3: Developing future leaders

Crystal ball – or succession plan? You can help shape your company’s future with actions you take today. Learn how management talent assessment, development and compensation planning can help you solidify the next generation of leadership for your company.

 



Volume 4: ​Preserving personal and family wealth

Download PDF

Volume 4: ​Preserving personal and family wealth

Plans you make for your business can have significant and often surprising effects on the plans you make for yourself in retirement. Read how planning ahead for estate and gift taxes, life insurance and your investment portfolio can help you address family and business needs and meet your retirement goals.

Volume 5: Family dynamics and governance

Download PDF

Volume 5: Family dynamics and governance

A thoughtfully governed family business can be a boon for everyone involved—not only in terms of wealth creation, but also in promoting harmony, personal fulfillment and shared purpose. Learn how to balance business needs and family concerns in order to create a long-term governance plan that can help the business and family prosper together.

Meet the author

Julia Cloud

Julia Cloud

Partner, Service Line Leader | Private Wealth

Julia leads the Private Wealth sector of the Inves...More