Over the next 50 years, more than 15 Trillion (yes, that is trillion with a T) worth of businesses will transfer to a next generation business owner. However, statistics show less than 23% of these family-owned businesses will ultimately survive the 2nd generation ownership and less than 10% will survive the 3rd generation ownership. These can be sobering statistics; but there is an alternative.
Our team of advisers has extensive experience advising 2nd generation business owners and helping them be more pro-active in the continuity planning process and be more prepared to handle the organizational, operational, and financial challenges of business ownership.
Business deals become more technical and complex every day. Regulatory and legal hurdles abound, tax issues crop up, and unanticipated problems rear their ugly head. Meanwhile, the usual gap between buyer and seller gets wider and wider. We help businesses stay on the right track with advice on a variety of transactions:
Improve your company by evaluating your operations and ownership. The alignment of business objectives with an effective decision-making structure can increase profits. When you need to improve communication and define roles, let us help you with:
You encounter numerous business and legal issues every day in your business. We help you address these issues efficiently and pragmatically:
Salaries, deferred compensation, bonus plans, stock options, retirement plans, health care benefits – are all part of compensation packages that can keep key employees around. Strategic compensation planning also helps motivate and retain employees. Here are areas where we have helped clients retain their key employees:
Human capital is the buzzword today. Reward good employees and protect your valuable business from problem employees.
Acquisition, lease, rental, and sale of buildings and land can be a huge part of business operations. Making the best use of business real estate assets can involve a combination of transaction analysis, negotiation, and environmental considerations.