Succession Planning

Whether selling business shares to a partner, selling the business outright, or transferring the business to family member, business owners must carefully examine issues and opportunities related to succession planning. Blackfish Accounting™ recommends the business' current and future financial picture be closely reviewed to simplifying the succession planning process. In particular, attention should be paid to investigating tax implications, how the transition between managers will go, and what the value of the business is in the current market - both financial and in terms of goodwill.

Business Succession Planning

Blackfish Accounting™ Certified Management Accountants (CMAs) understand the succession planning process and what factors, such as taxes, influence succession planning decisions. Whether selling to an outside purchaser or passing the business on to a family member, Blackfish Accounting™ can help collect and analyze data and set out clear and realistic succession plans that ease the business transition.

Management Succession Planning

Business succession planning isn't just about selling a business or passing it on to a family member, it is also about creating succession plans that address a shift in key personnel and management staff. Blackfish Accounting™ partners work closely with business owners to evaluate management staffing needs, find and hire new staff, mentor new managers, or participate as part of the management team.

Let Blackfish Accounting™ - all Certified Management Accountants (CMAs) - apply their extensive business management experience from a wide range of sectors to support business and management succession planning.

Blackfish Accounting™ understands that personal service helps clients succeed. As such Blackfish has implemented the Blackfish Accounting™ Advantage service policies that ensure each clients’ unique needs are met.

To learn more about how Blackfish Accounting™ can help evaluate option for selling the business, hire and train key personnel to replace long-term managers, or smoothly transition the business from one family member to another, phone or send an email.