Business Succession Planning
Succession planning is an all encompassing term, typically associated with family owned businesses or any privately held company with multiple non-family owners. The biggest challenge facing private business owners is making the transition into retirement and converting non-liquid privately owned stock into a liquid income stream in retirement.
Our firm provides proprietary custom services including a unique process called The Transition Liquidity Formula™. The Transition Liquidity Formula™ involves guiding you through a discovery process, identifying dangers in the form of problems and challenges, analyzing strengths and weaknesses, and focusing on opportunities that can be seized upon to more efficiently accomplish life and financial planning goals.
Our succession planning services in the form of The Transition Liquidity Formula™ are unique in that we invest a great deal of ñfront endî time focusing on what matters most to you, instead of applying a financial tactic or strategy of the day without the benefit of deep discovery and analysis of what matters most today and tomorrow.
In implementation of any succession strategy, we may use various tools known in the industry including charitable strategies, management buyouts using an ESOP, family discount planning using family limited partnerships, grantor retained annuity trusts for S-corps, and both non-qualified deferred compensation plans and combination pre-tax ERISA retirement plans that allow huge tax leveraging for you and your management at a nominal cost for other employees.
Upon implementation of your succession plan, our firm acts as quarterback throughout the entire process and facilitates the involvement of the clientÍs outside CPA, legal, trustee, and insurance/financial advisor to work together and accomplish what matters most to you.
We believe that every business owner should be thinking at least five to ten years ahead of their desired exit date.
Our philosophy is client centric and custom from the bottom up in designing investment programs to meet every individual's unique circumstances and goals as they evolve over an investing lifetime.
Whether a client has $500,000 or $5,000,000 in liquid assets, it is equally painful to suffer capital losses that can diminish a lifetime of accumulated wealth. As an independent registered investment advisor, Gordon Asset Management, LLC, is uniquely positioned to provide advice on a fee basis with full disclosure and no conflicts of interest. Read More >
