Your business is your life's work. Among the regular and ongoing services
Callaghan Parente LLP offers its business clients is Business Continuity
(Succession) Planning. It is crucial that every business establish a business
succession plan to ensure the future success of your business in the event of
a crisis incident, unexpected event, or upon a key person's death or
departure from the business. It is equally important to maximize the return
from the fruits of your labor for you and your loved ones. Business succession
plans outline in detail the who, what, when, why, and how changes in
ownership and management are to be executed, and provide peace of mind
and stability for the business and its principals.
Business succession planning is a multi-phased, multi-disciplinary process
which begins with a top to bottom review of your business. It often includes
the drafting and/or updating of wills and trusts, the reorganization of equity,
and reviewing existing insurance policies. In most cases, Buy-Sell
Agreements are drafted. The process usually involves the counsel of
independent professionals such as accountants, financial planners and
bankers, who contribute specialized skills and experience. Callaghan Parente
LLP maintains close working relationships with experienced financial
planners, accountants, and bankers dedicated to assisting our clients in
reaching their goals.
Once a succession plan has been established, it is critically important that the
completed plan be regularly and continually reviewed and updated as
circumstances change.
Recognizing that each business owner's concerns are unique, we develop
plans that give our clients the peace of mind of knowing their business is
prepared to adapt to change. Working closely with our clients, we identify
their goals and objectives, identify potential pitfalls and develop innovative
solutions.
Callaghan Parente LLP offers its business clients is Business Continuity
(Succession) Planning. It is crucial that every business establish a business
succession plan to ensure the future success of your business in the event of
a crisis incident, unexpected event, or upon a key person's death or
departure from the business. It is equally important to maximize the return
from the fruits of your labor for you and your loved ones. Business succession
plans outline in detail the who, what, when, why, and how changes in
ownership and management are to be executed, and provide peace of mind
and stability for the business and its principals.
Business succession planning is a multi-phased, multi-disciplinary process
which begins with a top to bottom review of your business. It often includes
the drafting and/or updating of wills and trusts, the reorganization of equity,
and reviewing existing insurance policies. In most cases, Buy-Sell
Agreements are drafted. The process usually involves the counsel of
independent professionals such as accountants, financial planners and
bankers, who contribute specialized skills and experience. Callaghan Parente
LLP maintains close working relationships with experienced financial
planners, accountants, and bankers dedicated to assisting our clients in
reaching their goals.
Once a succession plan has been established, it is critically important that the
completed plan be regularly and continually reviewed and updated as
circumstances change.
Recognizing that each business owner's concerns are unique, we develop
plans that give our clients the peace of mind of knowing their business is
prepared to adapt to change. Working closely with our clients, we identify
their goals and objectives, identify potential pitfalls and develop innovative
solutions.
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Business Continuity Planning |
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