• Who We Are
    • Firm Overview
    • Our Team
    • International
    • Life at Botwinick
    • Reviews
  • What We Do
    • Accounting
    • Assurance & Attestation
    • Business Consulting & Advisory
    • Contract Compliance
    • Forensic Accounting
    • Tax Compliance & Planning
  • Industries We Serve
    • Contractors
    • Dental Practices
    • Distribution, Logistics, & Warehousing
    • Manufacturing
    • Medical
    • Professional Services
    • Real Estate
    • Retail
    • Sports & Entertainment
    • Tech
  • Work With Us
  • Insights
  • Client Access
  • Contact
  • Client Login
  • Pay Online
  • Visit Our Office
  • LinkedIn
  • Facebook
  • Skip to primary navigation
  • Skip to main content
    (201) 909-0090
Botwinick Logo
  • Who We Are
    • Firm Overview
    • Our Team
    • International
    • Life at Botwinick
    • Reviews
  • What We Do
    • Accounting
    • Assurance & Attestation
    • Business Consulting & Advisory
    • Contract Compliance
    • Forensic Accounting
    • Tax Compliance & Planning
  • Industries We Serve
    • Contractors
    • Dental Practices
    • Distribution, Logistics, & Warehousing
    • Manufacturing
    • Medical
    • Professional Services
    • Real Estate
    • Retail
    • Sports & Entertainment
    • Tech
  • Work With Us
  • Insights
  • Client Access
  • Contact
  • Show Search
Hide Search

Business Strategic Succession Planning

Business Strategic Succession Planning

Succession planning starts years before you plan to exit.

Succession planning refers to the approach and preparation of recognizing successors within the business and helping them develop their abilities and experience to replace the existing leaders at a future date. Whether you plan to give your business to family members, sell your interest to a partner, or seek an outside buyer, the operational and financial implications of business succession planning demand long-term planning and a team of accountants who will help you build your comprehensive exit plan. There are many exit strategies for businesses. Some of the most common include:

  • Passing the company to a family member or other successor
  • Employee buyout
  • Open market sale
  • Business liquidation

The most important part of the process is ensuring there is time for you to understand the value of your business and increase its value before your exit. This plan should be started at least five years before your projected exit date. Preparing a written plan will give you the best possible outcome even if you adjust along the way. Our team of professionals has the expertise you need to help you develop an optimal succession plan.

Get Started
Botwinick Logo

Contact Us

365 West Passaic Street

Suite 310

Rochelle Park, NJ 07662

info@botwinick.com
(201) 909-0090
(201) 909-8533

2700 N Military Trl

#240

Boca Raton, FL 33431

info@botwinick.com
(561) 787-0225
Boca Raton Accounting Firm

Follow Us

© Botwinick & Company, LLC. All Rights Reserved. | Privacy Policy | Terms & Conditions
Website Design & Development by SHJ
  • Client Login

  • Pay Online

  • Visit Our Office

  • LinkedIn

  • Facebook