Business Planning

Prepare for the future and transition seamlessly with succession planning. A lifetime has been spent building equity in your business. Now it is time to begin considering options for gaining maximum advantage from your life’s work. Wepeak™ helps at the planning and execution of your business plan.

• PLANNING:

• Estimate the fair value of the business and equity positions
• Determine how business value might be impacted by a change in ownership
• Value stock or business assets annually to support gifting strategies and consider the impact on estate and gift taxes
• Determine how income and transfer taxes can be minimized
•  Identify family, co-owners, managers, employees and/or competitors capable of taking the business forward
• Identify successors to fill key management positions
• Develop a plan and schedule that describes how and when senior management/owners will take a less active role in daily operations
• Determine who owns what shares in the business, structure compensation plans and delineate decision making authority
• Plan on how to retain key employees and customers during the transition
• Identify lenders or equity participants willing to fund and/or invest in the businesses while in transition

• EXECUTION:

•  Estimate the value of the business and equity as of the transfer date
• Execute the succession plan
• Resolve disputes concerning the value of the business or other assets
• Sell the business and/or business assets, when applicable