Baker Tilly works with many family businesses and sees every day how important it is to have a business succession plan in place. The future of the business is at risk when founders fail to plan for the transfer of management, control, and ownership, or propose a plan that is unacceptable to the families and employees involved, or out of date.

Our experienced business succession planning professionals understand the issues and challenges you face. We get to know your business and its needs, and work with you to find the right solutions. The Baker Tilly team helps you prioritize your goals whether you wish to transfer ownership and management duties to your family, an outside party, or current employees, and design a plan in coordination with your legal and other advisors. We focus to make sure your plan effectively:

• Ensures your financial security after retirement
• Provides financial security for your family in the event of untimely death or disability
• Maintains business success in your absence
• Promotes family harmony by dealing fairly with all members, whether or not they work in the business
• Identifies and prepares future owners