Nichols Accounting Nichols Accounting Proactive Tax and Growth Planning in Boise, Nampa, Ontario, Treasure Valley
Boise 208-345-6655 | Nampa 208-442-0188 | Ontario 541-881-1433
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Succession Planning

With proper strategic planning, you’ve built a profitable business with sustainable systems and you’ve recognized that now you’re either ready to retire, step away from an active daily role, or begin an entirely new endeavor.  Do you have key management already in place?  How about family members?  Perhaps they’re prepared, and perhaps not.  Today’s global markets are placing greater demands on company leadership.  The process of succession planning requires just that – planning.  We’ll help you create that plan, to prepare for the next phase.

How We Deliver

Determining your successor(s) in business can be a difficult task, especially if family is involved.  Emotions can drive decisions that aren’t necessarily in the best interest of the business.  Our professionals can act as an unbiased third party that will assist you in accessing potential future leadership needs, and help you derive a management talent requirement basis for which to make decisions from.   We’ll then work with you to identify and develop the right personnel.  Education and mentorship will eventually position that person to step in, and enable you to step out, while feeling confident regarding the continued growth and success of what you’ve worked hard to build.

During that process, we’ll also discuss your continued income needs and lifestyle expectations.  Succession planning will involve income planning,  and ensuring that your objectives are met while the continuation of the business is certain.

How You’ll Benefit

  • Surety that the business will continue to thrive and grow, knowing that you’ve groomed the right person to fill your shoes.
  • As a third party, we’ll help make and communicate tough decisions when family is involved.
  • Certainty that your income objectives and the tax implications are being managed and planned for accordingly in the transition process.
  • Knowing that you’ll be making this important decision with experienced professionals who have helped other business owners walk down this path successfully many times before.
Contact
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Boise 208-345-6655 | Nampa 208-442-0188 | Ontario 541-881-1433
Email
CLIENTCARE@
NICHOLSACCOUNTING.COM
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