SUCCESSION PLANNING
You’ve spent years building up a business that you’re proud of and it’s now time to enjoy life outside of running the business.
There are countless different ways to get out of your business, for example:
1. Straight Exit: Exit your business via a business sale.
2. Merger / Acquisition: Merge or acquire another business with management capability that enables you to exit the business' day-to-day running.
3. A Transitional Ownership Succession Plan: Bring in a new owner(s) and over time transition your ownership to them as you gradually exit the business.
4. Family Business Succession Plan: Ownership and/or responsibility transition between different generations in a family business.
Our Team at Velocite has successfully facilitated the development and execution of several Transitional Ownership Succession Plans.
