Business Succession


Done correctly, business succession planning will increase the value (as determined by the owner) and transferability of the enterprise long before the planned succession event. BROWN ADVISORS works with owners and their advisors to craft and implement a complete plan, driven first by the owner’s goals and objectives, and then supported by strategic tactics needed to reduce risk, and increase return. Though each situation is unique, our succession procedures typically cause us to:

Business Owner Succession: Typical Services
· Perform a baseline valuation on the business
· Create value improvement strategies
· Perform a wealth management plan for owners
· Coordinate professional advisors
· Assess partnership transfers
· Facilitate buy-sell agreement formation
· Design equitable partnership buy-outs
· Assess key employees
· Design equitable partnership buy-ins
· Business re-structuring
· Design compensation programs for retention
· Design earn-out strategies for partners
· Design and implement an “exit” schedule
· Equip successor owners and managers
· Review and align estate documents
· Develop a communication strategy
· Family business transfers
· Positioning the business for sale
· Successor generation consulting
· Pre-funding and private equity searches
· Business due diligence
· Consulting through the sales process