We understand that each family-owned business has unique ambitions, growth plans, widely differing personalities and unlimited combinations of interrelationships amongst individuals and entities.

Your organization is complex and constantly changing and our Baker Tilly family business strategy group supports you as you evolve. The Baker Tilly family business strategy group is dedicated to helping families achieve their business and family objectives.

Baker Tilly’s family business strategy group works with you to understand the goals of your family and business, and develop a strategic plan to help you achieve them.

Define family enterprise vision and strategy, plan for future succession and/or ownership transition and improve family communication and reduce family conflict.

Grow the value of the family portfolio business by identifying value drivers and developing profitable growth strategies.

Develop individual plans for each family member (current and next generations) to address future goals, aspirations and desire.

Our approach

Our process starts with a family business strategy assessment which allows our team to get to know you and your business. We spend time with you to learn about the challenges and opportunities your business faces and what you hope to accomplish in the future.

Following the assessment, we develop a strategic plan and roadmap to achieve your goals, as well as support you on your way there.

Learn about our assessment >

Suite of services

Our family business strategy group works with clients to define long-term goals for their business(es), family and individual family members. From there we develop a comprehensive roadmap that leverages a fully integrated team providing services in the following areas:

  • Family enterprise strategy
    What is the shared vision of the family as it relates to the business? Do you want to keep the business in the family? Are you hoping to grow? Looking to sell? Our team works with you to understand the vision, values, strategic objectives and financial goals of your family enterprise and pulls together a detailed strategic action plan to help you achieve them.
  • Exit strategies and ownership transition
    The decision to move on from your family business is a big one. We work with you to determine and analyze strategic options and exit strategies that are in line with your goals. We understand your objectives, develop a plan and assist with outside buyer transactions, ownership structures, transitions to other family members or re-capitalization of the company.
  • Estate planning and wealth preservation
    Ensure financial security for yourself and future generations with a detailed estate plan. Our team works with you to develop a plan that fulfills your family, business and charitable legacies while minimizing your tax impact.
  • Leadership assessment and development
    You are ready to retire and it’s time to determine who will take over your business. Our team works with you to prepare a leadership succession plan which includes identifying potential future leaders as well as timing and development plans.
  • Growth strategy
    Our team works closely with you and the management teams of your family-owned business(es) to help develop growth strategies to increase the value of your enterprise.  Whether you plan to sell your business or continue to build it, having a well-crafted growth strategy is key to growing the enterprise value.
  • Wealth management
    Our team offers integrated financial planning, retirement, and risk management services to individuals and families.  We embrace a unique values-based approach which systematically aligns financial decision-making with the stated passions and long-term priorities of individual family members, couples and offspring.
  • Family governance
    Are you in need of a more formal board structure, policies, internal controls and accountability? Our team works with you to develop a more formal structure that incorporates the back-office processes and procedures required to run an efficient and effective family business.
  • Family dynamics and conflict resolution
    Family-owned businesses come with a unique set of challenges and opportunities. We understand the family dynamic and potential conflicts around ownership, roles and responsibilities, financials, and the future of the business. We work with you to address these critical and sensitive issues while maintaining a focus on business and individual family member goals.
  • Next generation development
    You're ready to hand your business down to the next generation but want to ensure they have the tools needed to be successful. We work with your next generation of leaders to prepare them for unique family business dynamics and leadership.

For more information on the services we offer family-owned businesses, please contact the Baker Tilly Family Business Strategy Group >

Our Take

image of Gary A. Plaster

“Our team understands the unique challenges and opportunities of family-owned businesses. We know the value family-owned businesses bring to our economy by accounting for 64 percent of U.S. gross domestic product and generating 62 percent of the country’s employment. At Baker Tilly, your business and your challenges guide our approach to ultimately help achieve your goals.”

— Gary A. Plaster Principal, MBA