Succession Planning Services
Often your business represents your largest financial asset, and perhaps a lifetime of work. At some point you will be ready to leave it. Altus Exit Strategies, a wholly owned subsidiary of ARB, provides business succession planning services can help you prepare for the successful exit you desire.
Ideally, succession planning services begin many years before you plan to exit. Whether you plan to pass your business to family members, sell your interest to a partner, sell the company to an employee group, or seek an outside buyer, the operational, and financial considerations of business succession demand long-range planning and a team of CPAs and advisors who work together to educate you and help you create your own comprehensive exit plan.
How We Do It
Succession planning is more than identifying a successor owner and determining whether your business will be gifted or sold. It includes putting in place strategic operational and financial processes to maximize the value of your business before you make one of the most important transitions of your life.
Our Altus Exit Strategies team will take you through our Seven-Step Exit Planning Preparation™ process to help you examine all of the options available to you and then guide you in creating a succession plan. The planning process may include guidance in the areas of business valuation, organizational development, profitability improvement, strategic planning, key employee incentive, asset protection, business continuity planning planning, tax minimization strategies – depending on your needs. Since no one person can be a specialist in everything, we deploy a team approach to client service.
Once a business succession plan is created, the process continues as the ARB team helps you implement and re-evaluate your plan, to ensure that it remains relevant to your changing circumstances.
The Seven Step Exit Planning Process™
Leaving Your Business is Inevitable
How We’re Helping Businesses with Succession
Valuation and KPIs: Determining not only the value of a business today, but what business changes will push the most to the bottom line over so the owner will get the highest value when he or she exits in the next few years. We Identify and help implement strategies to enhance a company’s Value Drivers to generate a premium price for their business.
Gap Analysis: Determining whether a gap exists between the resources owners have today and the resources owners will need to achieve their financial goals. The Gap Analysis gives owners a new and more realistic understanding of how much time, capital, and effort it will take to get from where they are to where they want and need to be.
Emergency Operating Plan: This written plan serves as a non-binding guide for the families of business owners. It provides suggestions and instructions for how the owner’s family should address business and personal financial issues in the event of the owner’s untimely death or incapacitation.
Succession Planning Services Team Leaders
David V. Jean, CPA, CCIFP, CExP | Principal
Succession Planning Services Practice Leader
David works with business owners who want to improve the value of their business before they sell through Altus Exit Strategies’ Seven-Step Exit Planning Preparation™ process. He has worked with companies from $5 million to $50 million in revenue across a range of industries.