Transition Planning for Family-owned Businesses
Achieving successful leadership transitions for family-owned businesses can often be a complex and emotionally charged process.
Knowing when to hand over the reins to others can be more of an art than a science. It can occur over a planned time frame with predefined milestones, or it can happen with little forewarning. In either scenario, KA’s executives have the experience and diplomacy to plan and facilitate the critical business, finance, and communication aspects of these types of transitions, including:
- Strategies and action plans to help maximize customer retention
- Facilitating internal and external communication meetings
- Planning public relations/press release to local media and to the industry press
- Navigating through the complex financial and tax scenarios to optimize shareholder wealth
- Structuring finance plans to optimize company cash flow
- Working with counsel to incorporate changes in all necessary legal and filing documentation
