August 23, 2023
Business Transition Planning, Succession Planning
Robert Wermuth, CFP®, CLU®, ChFC®, AIF®

Succession Planning with a Sale to Key Employees

Passing the torch to your key employees can be an attractive choice for exiting owners. But it takes a lot of careful planning. First step? Know the value of your business and your priorities from the sale so you can structure the buyout accordingly.

Explore strategies to supplement the sale price like salary continuation, deferred compensation, etc. that could help achieve your objectives without burdening the business. Remember, this route might not mean the biggest payday upfront, but often beats other choices over the long run.

For more information on succession planning and how to get prepared, view additional videos and information at legacy-online.com.

Rob Wermuth is a senior partner with Legacy Planning who combines nearly 30 years of financial services experience with cutting-edge technology to deliver to his clients integrated solutions to simplify their complex financial reality. He specializes in documenting goals and developing strategies for significant life events, including: corporate succession planning, estate planning and establishing or managing a family foundation.

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Succession Planning with a Sale to Key Employees

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