According to Forbes, less than one third of family businesses survive the transition from first to second generation ownership. Another 50% don’t survive the transition from second to third generation. Family businesses that make it past the second generation usually don’t get there by accident. They get there through strategic business succession planning.
Proper business succession planning considers all possibilities, insulating the business’ assets and setting the stage for a successful transition, whether it’s succession to the next generation, selling the business, or going public. Atlantic Wealth Partners puts strategies in place for the ordered, timely and flawless execution of business succession for owners, family businesses, C-level executives and partners.
Atlantic Wealth Partners also assists you in developing the same detailed, comprehensive and actionable plan to deal with the unexpected. Forced and unplanned retirement, disability and death are serious, common examples of business succession challenges that can catch even the prudent woefully under prepared.