Joe Roos, Partner

Succession Planning

Planning for the management and ownership succession is a complicated process that must consider the tax effects of alternative plans, gifting options, the structure and financing of buy/sell agreements, etc. These issues must be balanced with your personal objectives and family expectations and obligations. BKD's approach to business succession is a comprehensive plan for “taking care of business” throughout the life cycle of your company. The cycle mirrors the business cycle:  from start-up to growth to maturity, our approach can help plan the evolution and growth of your company. Here are some of the ways we can help you with succession planning:

  • Develop a contingency plan to cover problems resulting from an untimely death or disability including management succession planning.
  • Develop a tax-advantaged estate plan
  • Analyze various gifting options
  • Analyze the financial impact on your business of various sale transactions
  • Project the income it will take for you to enjoy a comfortable retirement and develop a plan to accumulate those funds
  • Develop a plan for managing your exit strategy

WealthPlan is BKD's comprehensive approach to growing, preserving and protecting the successful business owner's wealth. BKD's CPAs are experienced in providing the tax, retirement, estate and personal financial planning aspects of WealthPlan. In addition, the registered investment specialists of BKD Investment Advisors, L.L.C. can help you plan and implement an investment strategy that meets your goals and advise you on your insurance coverage. Ask your advisor for more information about the following WealthPlan services:

  • Investment advise - present strategies to grow your money
  • Insurance solutions - evaluate your insurance coverage
  • Income tax planning - project consequences of wealth-planning tax tactics
  • Retirement services - project your future income needs and expenses
  • Estate planning - craft a plan for transferring your wealth
  • Personal wealth strategies - present strategies for protecting your assets and consolidating debt

AUDIT AND TAX SUCCESSION PLANNING TECHNOLOGY STRATEGIC PLANNING PROFIT ENHANCEMENT RISK MANAGEMENT