Succession Planning

The United States is on the brink of an enormous transfer of wealth as the baby-boom generation prepares for retirement.  And while one generation leaves the workforce, another enters. Estimates show that 90 percent of all U.S. businesses are closely held, with most owners expecting to transfer their companies to a key employee or family member when they retire.  But the reality is that 70 percent of businesses fail to survive a transfer to the next generation.

That’s where Reznick Group can help. Knowing when and how to plan an exit strategy is the key to a smooth transition, ensuring the financial reward to the business owner who established and built the business.  Our business clients benefit from experienced professionals that are trustworthy. For more than 30 years, Reznick Group has made its mark by providing outstanding client service and building relationships one promise at a time.

Through our succession planning services, Reznick Group can help manage a smooth transaction between you and the future owners.  We can also help you determine the fair market value of your business, which is a critical element of any successful succession plan.