Succession Planning for Wyoming Small Business

According to the Small Business Administration, 90% of the 21 million U.S. businesses are family-owned, and one-third of the Fortune 500 are either family-owned or family-controlled. Yet only 30 percent of family-run companies today succeed into the second generation.  An even smaller 15 percent survive into the third.  The reason, according to many experts, is obvious:  the lack of an orderly succession plan.

If you own a family business and want to pass on the business when you retire, it is important for you to develop a thoughtful succession plan. You will need to consider who is going to manage the business when you no longer work in the business and how ownership will be transferred. How will your retirement funds be paid? What is the value of the business? 

Our succession planning counselor, Leonard Holler, will help you understand and manage these issues and assist with a smooth transition between you and the future owners of your company. With family businesses, succession planning can be especially complicated because of the relationships and emotions involved and because most people are not comfortable discussing topics such as aging, death, and their financial affairs. Mr. Holler, who is a Certified Public Accountant and business valuation specialist, will help to take some of the fear and uncertainty out of this important planning process for you, your family and your business.

Help with Succession Planning:

Contact Leonard Holler, Regional Director for Wyoming Entrepreneur, to inquire about this opportunity.

Leonard Holler, CPA, CVA
Regional Director, Wyoming Entrepreneur

300 South Wolcott, Suite 300
Casper, Wyoming 82601

1-800-348-5207
Email Leonard