Because What Happens Next Matters Business succession planning from Vandenack

Weaver LLC.

We’ve all seen what happens when there’s no clear succession plan in place – and it’s not good. Whether you plan to sell your business, transfer ownership to partners or family members, or gradually allow employees to take ownership, protect your business and your investment with the experts at Vandenack Weaver LLC. Our attorneys will lead you through the process to ensure you have an accurate business valuation, understand the options available to you, and develop a plan with your best interest in mind – minimizing taxes, detailing buy-sell agreements, and managing risk.

The next step starts here. Contact Vandenack Weaver LLC to develop your exit plan.

“Other big questions that business owners need to ask themselves include, ‘Do I have a business that others are willing to pay money to purchase?’ Then, if the answer is yes, is the sale price reasonable? For small business owners, the company is not only their livelihood but also like a child they have been responsible for raising. This passion for their business is admirable; however, business owners can benefit from taking a step back to make sure what they are creating is something that others would want to purchase.”

A Family Affair

A major complicating factor for business transition plans is the often-delicate matter of multiple family members involved with the business.

Wellendorf said a business owner should always take a team approach using outside help when forming a business exit strategy, including their lawyer, financial planner, accountant and business transition expert. But when the family is involved, it’s