An owner’s interest in a closely held business is usually their largest and most important asset. Although owners often spend a lifetime building their business, many neglect to plan for its eventual transfer to their successors.

Succession planning prepares the business, its owner, and the owner’s family for the day when the owner no longer participates in the business. Crisis and conflict within the business and the family would be created without proper planning. Wessel & Company can:

• Analyze the business ownership structure
• Evaluate the needs and desires of current owners, potential future owners, and the business itself
• Discuss the future ownership options and alternatives
• Integrate into a coherent plan