You’ve dedicated your life to starting and growing your business, but have you thought about what happens next? Every business owner needs to plan for his or her exit from the company — well in advance. Howard, Howard and Hodges helps businesses and owners make these transitions gracefully through succession planning, ensuring your results are driven by your desires and fulfilled on your terms, rather than impulsively.
Whether the owner or a key member of management is thinking of retiring, shareholders or members are considering liquidating their interests, or there has been an unexpected change in circumstances, our financial advisors have been there before and can help you make a smooth transition.
Keep Your Business Safe
At Howard, Howard and Hodges, we also understand that succession planning may be a sensitive issue, particularly for the owners of family businesses. Without a plan for orderly turnover in place, your heirs and company management may go on battling over the future management of your business for years to come. Having an objective advisor develop a succession plan is of paramount importance to keeping your businesses going after a retirement or other event.
The professional Howard CPAs have years of experience working with businesses, including those that are family-owned, helping them through periods of potentially difficult transition. With our wide range of experience and our commitment to knowing your business, we are the advisor you can trust. Let us be your voice of objectivity and ensure the longevity of your business.
Frequently Asked Questions
Succession planning is the process of preparing for a smooth transfer of business ownership or leadership to the next generation or a new owner.
It helps ensure business continuity, minimizes disruptions, and protects the long-term value of your business.
It’s best to start early. Planning ahead gives you more time to prepare for a successful and well-organized transition.
Yes. We develop succession strategies based on your business goals, ownership structure, and future plans.
Yes. We help evaluate financial considerations, tax implications, and business value to support a successful ownership transition.
