One of the most important and satisfying services Gaines Kriner Elliott LLP provides its clients is Business Succession Planning.

We have a very successful approach to this important issue, which too often is put off for much too long. The typical approach is to arrange for the sale of the business followed by planning to minimize estate and gift taxes.

While we work on each of these issues for our clients, we believe the primary focus should be on the planning required to retain the value of the business. If the foundation is not in place enabling the business to retain its value, all of the planning for the other issues will be for naught.

A buy-sell agreement among family members or among the present owners and management is not enough. The successor owners must have the training and resources in place to carry the business into the next generation.

A desirable succession plan can be developed within a reasonable period of time. The implementation of that plan will more than likely take a number of years.

Some of the important issues needed to develop a successful plan include:

We have had many great success stories assisting businesses with the planning and implementation of a business succession plan. We are very confident we can assist you and your family in making the right decision to provide a successful foundation for generations to come.

Amherst: 100 Corporate Parway, Suite 200, Amherst, NY 14226, 716-250-6600
East Aurora: 100 Riley Street, East Aurora, NY 14052, 716-652-1042