Succession Planning & Counsel

Legal Assistance For Your Succession Planning

Preparing your company for the future is a critical tool for trying to navigate the financial industry. Based on this, succession planning is an integrated, methodical approach to locating, nurturing, and maintaining crucial elements of your company’s ongoing corporate growth.

During the succession planning process, the following inquiries are frequently raised:

  • How can I find a successor?
  • Will the successor take over the RIA or just its assets?
  • Who will be doing the work?
  • What must be done procedurally?
  • What specifically needs to be done?
  • What is the value of my company, and how should it be valued?

Our professionals and attorneys at MAH Advising, LLC (“MAH”) can do the following to assist in guiding your company into the future:

  • Examine your company’s current business/corporate structure
  • Determine the intended successor (internal vs. external)
  • Examine, navigate, and direct how the transition will take place and the coverage required for the short-term, long-term, or both
  • Negotiate and enable the buyout, Employee Stock Option Plan (ESOP), and/or critical person insurance (assuming permanence)
  • Create contracts and succession plans as necessary
  • Keep a record of your company’s understanding of the succession plan

Valuation Counsel

The process of succession planning is frequently both intricate and intensely personal. The MAH Advising, LLC (“MAH”) professionals know that no two companies or industries are alike and that a one-size-fits-all strategy cannot be used. A succession plan must be approached correctly, requiring a systematic, rational, and reasonable approach and a strategic, personal touch.

An appropriate succession/exit plan at MAH is essential to a company’s continued success because it provides a comprehensive map for navigating uncharted territory. Succession plans address all of the critical questions for the organization firm, including business, personal, financial, legal, and tax-related. We divide succession planning into four stages:

  • Internal and Objective Evaluation
  • Analysis of Valuation
  • Strategic Planning and Analysis
  • Implementation