Business Succession Planning

A well-formulated strategy for the long term

You need a plan as unique as your business.

Safeguard the interests of your stakeholders
Protect your family's wealth
Anticipate long-term challenges

You tackle unique challenges every day while successfully running your company. Have you, though, anticipated the long-term challenges? Things like saving enough for retirement, protecting your family, retaining key employees, succession planning, and protecting the business equity you’ve worked so hard to achieve? Timely planning can effectively address these issues.

A well-formulated, long-range succession plan gives your business continuity. It safeguards the interests of your stakeholders, and can materially benefit your family’s wealth and welfare. Your advisor will work with you to develop a customized business succession plan that takes into consideration the successful transfer of management and ownership control – whether it’s to your family or an outside organization – as well as a contingency plan in case of premature death or disability. We’ll help address the tough issues to provide confidence in your plan.

Make sure your business plan includes continuity

Safeguard the interests of your stakeholders and protect your family's wealth by anticipating long-term challenges such as:

  1. Retaining key employees
  2. Succession planning
  3. Protecting your business equity

Your Wealth Management Advisor will work with you to develop a customized business succession plan to help with the transfer of both management and ownership control—whether it's to your family or an outside organization—as well as a contingency plan in case of premature death or disability.

Key Questions

  • How have you ensured that your business can continue without you or other key personnel?
  • How have you determined the value of your business if you decide to sell?
  • To what degree are you depending on the sale of your business for your retirement?
  • How have you ensured the financial security of your family if something happens to you?
  • How are you managing your company’s retirement plan to optimize employee retention while also maximizing your retirement benefits?
  • How have you analyzed estate liquidity and its impact on the legacy of your business?

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Union Bank & Trust, Union Investment Services, and Union Wealth Management are not registered broker/dealers, and are independent of Raymond James Financial Services. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Securities are not insured by bank insurance, the FDIC, or any other government agency, are not bank guaranteed, are not deposits or obligations of the bank, are subject to risks, including the possible loss of principal.

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