Succession planning is a given, whether your goal is to retire, plan for growth, or handle unexpected change. Reynolds and Rowella partners with business owners to achieve a clear approach to transition planning so the value of your business is protected and you are set up for long-term success.
Succession planning is not simply about changing transitioning to new leadership. It’s about maintaining what you’ve worked for and planning a transition that meets your personal, financial, and business objectives.
CONTACT USStrategic Succession Planning for Long-Term Success
A good succession plan does more than just replace an empty chair. It offers guidance and predictability for the entire organization. Forward-thinking businesses are better at surviving change and also hanging onto their critical staff members.
At Reynolds + Rowella, we align leadership, ownership, and financial strategies to position your business for the best possible sale outcome. If your intention is to sell to a private purchaser, a private equity firm, give away to a family member, or merely want to plan ahead, our advisers walk you through each process step by step.
Key Areas of Focus
1. Defining Goals and Timeline
We begin by understanding your personal objectives and business vision. Whether your goal is maximizing value, preserving legacy, or ensuring a smooth family transition, we help you establish a realistic timeline that supports your desired outcome.
2. Exploring Transition Options
We discuss the pros and cons of a sale to a private buyer, a joint venture, including private equity, or a sale to family members or major employees. Here, each alternative creates distinct consequences for valuation, control, and post-sale participation, and our professionals assist you in a knowledgeable choice.
3. Tax and Financial Structuring
The structure of your exit can have significant tax consequences. We work closely with our tax and financial planning teams to minimize capital gains, estate, and gift taxes, ensuring that your financial outcome aligns with your long-term goals.
4. Preparing the Business for Sale or Transfer
We help strengthen your business before transition by improving documentation, stabilizing cash flow, and reducing dependency on key individuals. A well-prepared business attracts stronger buyers and higher valuations.
5. Planning for Life After Transition
Our work does not end at the sale. We assist with post-sale wealth management, estate planning, and charitable giving strategies to help you manage and protect your assets for the next chapter of your life.
Our Succession Planning Services
We offer a complete range of services to help you create, implement, and maintain a sound transition plan:
- Leadership and Role Review – Determine mission-intensive jobs and what skills are needed to employ them.
- Successor Identification and Leadership Development – Develop future leaders or test for a family transfer.
- Knowledge Transfer and Documentation – Transfer business value by documenting critical processes, relationships, and institutional knowledge before transition.
- Ownership and Exit Transition Strategy – Develop preparation for family transfers, private purchases, or private capital transactions.
- Tax and Financial Structuring – Work with our tax specialists to keep capital gains, estate, and gift taxes low and achieve your desired financial result.
- Governance and Transition Policy Design – Create frameworks that align ownership, leadership, and operations.
Who We Work With
We work closely with family and privately held businesses, retiree-bound founders, and expanding businesses seeking to enhance continuity. Most of our clients don’t have an internal HR strategy team or financial planning team. We bring a void they cannot fill by themselves, highly qualified professionals who are experienced in both the human and financial aspects of transition planning.
Plan Securely for the Future
Succession planning is perhaps one of your best ways to safeguard your legacy. By proper planning and proper advice, you are better prepared for change instead of having change prepared for you. A good plan provides a seamless transition, maintains the value you’ve created, and prepares your business for ongoing growth after the sale.
Contact Reynolds + Rowella today to begin designing a transition plan that preserves your business value and supports your long-term financial goals.
CONTACT US
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Contact details
RIDGEFIELD OFFICE
38 C Grove Street
Ridgefield, CT 06877
NEW CANAAN OFFICE
51 Locust Avenue, Suite 305
New Canaan, CT 06840
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