Create your legacy and protect the future of your business with a more deliberate transition plan.
Business Succession & Transition Planning
Create your legacy and safeguard the future of your business
As many business owners find, there is a good chance that you focus mainly on the short- to mid-term. And as ambitious as your plans may be, you need to be sure to look at the larger picture: what will happen to your business if you are unable or unwilling to continue running it, for whatever reason?
Having a succession plan is a natural part of being ready for every possibility. Ciccone McKay can help you develop a comprehensive business succession plan that anticipates and prepares for the eventual transfer of your business ownership while maximizing your personal financial security along the way.
Do not put off succession planning for your business.
Over 90% of all entrepreneurs do not have a viable estate succession plan. Source: Survey by the Federal Business Development Bank.
Only three in ten family businesses survive to the next generation. Only one in 10 make it to the third generation. Source: Canadian Association of Family Enterprise.
How we approach succession planning
A more deliberate way to prepare for transition
01
Look beyond the short term
Succession planning helps you move beyond immediate business demands and prepare for the larger long-term future of the company.
02
Prepare for uncertainty
A good plan helps address what happens if you are unable or unwilling to continue leading the business for any reason.
03
Plan for ownership transfer
We help structure a more deliberate transition so the eventual transfer of ownership is anticipated rather than improvised.
04
Protect personal financial security
Succession planning is not only about the future of the business. It is also about safeguarding your own long-term financial position.
Related services
Our comprehensive range of financial planning services
Explore related planning services available through Ciccone McKay Financial Group.
Connect with the Ciccone McKay team to discuss succession, ownership transition, and the planning steps that can help protect both your business legacy and your personal financial security.
