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Succession Playbook: Key Strategies to Defining Your Legacy, The Right Way

Succession Playbook: Key Strategies to Defining Your Legacy, The Right Way

The greatest liability in an owner’s succession planning journey is time. Without investing the time to create a succession plan for your business, the fruits of all your labors can easily be lost. During a recent ASA webinar, Partner Jerry Grady reviewed the top considerations for business owners crafting a succession plan.

Just as every business is distinct, so must be every succession plan. Identifying those markers that set your transaction up for success, whether it be through the sale of your business or the transfer of it to senior managers or family members, the webinar explored four different options that are available for owners when exiting their business:

  1. Transfer to family – Family Estate/Succession
  2. Transfer to management – MBO
  3. Transfer to employee – ESOP
  4. Sell Out Right – Third Party Sale

The slides from the presentation may be found below. Use the form on this page to connect with Jerry regarding any questions.


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