Succession Planning

Transitioning your company to the next generation of leaders can be a complex, emotional experience. Gilmore, Jasion & Mahler, LTD (GJM) in Maumee Ohio near Toledo has helped numerous business owners anticipate and plan for these events. Our  experienced professionals will help you explore all of your options, including a sale or gifting to family members, current management or an outside third-party buyer. No matter the method, our accountants will be by your side to ensure a smooth and successful transfer of ownership, management responsibilities and/or business assets. Put our innovative ideas and trusted advice to work for you.

Enjoy the following benefits with GJM’s succession planning services:

• Recommendations to maximize the value of your business (if we are involved early in the process)
• Peace of mind that your affairs are in order and the future of your business is secure
• An understanding of all succession options – you have more than one – to help you select a transition method that best matches your goals
• Assistance to help you achieve your succession and retirement plan intentions
• Analysis of the tax implications and timing of sale or gifting options to minimize the amount
  of taxes on the transaction
• A detailed transition timeline to help ensure an orderly transfer of ownership and responsibility
• More time to train and help successor(s) establish contacts they will need by identifying candidates early on

Our Process

We understand succession plans are complicated and usually emotional.  Your decision may involve several factors, such as family relationships, management responsibility, retirement plans, overall profitability, taxes and control objectives. To help you make an informed decision, we will provide an objective evaluation of your company, including a detailed business valuation report and financial projections. GJM professionals will also take the time to learn about your business and personal goals, and make recommendations regarding timing, tax implications and form of business restructuring.  We will help you develop the best transition plan for your company, your family and your employees. Not only will you have a detailed succession plan that documents your decisions and sets a timeline for the eventual transition of ownership, you’ll also have peace of mind knowing that the future of your business is secure for years to come.