SUCCESSION PLANNING

During our client conversations, we heard common issues related to succession planning for entrepreneurial companies.

We’ve assembled interviews with a number of company owners who will share their experiences in each of these areas, with some addition commentary from Briggs & Veselka tax shareholder Kevin Lovins, who has advised clients on the financial and oftentimes emotional issues that accompany the sale or transfer of a closely-held company.

Planning for Orderly Succession Part 1

Whether a closely-held or a family held business, the transition of a founder/owner presents emotional, financial and operational issues, no matter how much forethought is invested in the transition process. We were fortunate to have some clients and friends of the firm comment on their real-time challenges and considerations in this first of a two-part video on what you might consider when it comes to planning for an orderly succession of your company. You will hear insights from Rod Fernandez, President, Affordable Tours, who runs the company with other family members; Kevin Lovins, A B&V shareholder who specializes in tax planning for closely held businesses; and Sammy Campo, President, Campo Sheet Metal, a soon to be 4th generation company that was founded a century ago.