SUCCESSION PLANNING SERVICES

For families with financial and emotional stakes in a closely-held company, planning for and implementing succession and ownership transitions can be a daunting task. Many prefer to procrastinate and avoid this difficult issue. As time slips away, planning options may be eliminated, inadvertently putting the business and the family’s assets at risk.

At CFG, we have the experience and capabilities to motivate and guide stakeholders through a process of change. CFG explores important issues with all involved and crafts a customized solution for each client's unique situation.

Coordination: CFG succession and governance strategies are coordinated with wealth-transfer objectives, income-tax and estate-tax planning. First, though, we understand the client’s goals and objectives and create a plan aligned with the family’s values. We provide ongoing education for stakeholders regarding roles and responsibilities and assist with family council policies and procedures.

Technical Modeling: CFG staff create simulations and scenarios to test strategies against business assumptions and personal goals, including a range of models illustrating impacts on financial covenants and ratios, so that informed decisions can be made from a variety of perspectives. We provide implementation support for the chosen strategy, work closely with clients’ legal and tax advisors, and manage balance sheet and cash flow impacts for multiple entities on an ongoing basis.