Expertise, guidance and encouragement in Eden Prairie, MN
As a business owner, preparing for retirement and succession planning requires looking at the whole picture. Making sure you plan early and often with a team you trust develops a safe, proven and sensible plan for your retirement and the transition of your business. While our succession planning services are available nationwide, our Eden Prairie office is conveniently located at the corner of I-494 and Prairie Center Drive.
Office Hours
Monday 8 – 4:30 PM
Tuesday 8 – 4:30 PM
Wednesday 8 – 4:30 PM
Thursday 8 – 4:30 PM
Friday 8 – 4:30 PM
How we help you get there
You have three options to consider regarding the transition of your business. You can sell it to a third party, transfer or sell it to family members, or sell it to current employees or management. No matter what course you take, the best succession plan is one that addresses five key topics.
Identifying Successors
A well-thought-out succession plan helps you pass on responsibility for running the company to a successor-owner, transfer ownership and extract your money. Identifying your path early helps determine next steps in your succession plan. Boulay’s succession planning services include:
- Strategic or Financial Buyer Analysis
- Internal Buyer Evaluation
- Family Development Plan
Timing is Everything
After years of hard work, we know selling or transferring your business at the right time is important. Our succession planning services help you prepare with:
- Financial Condition and Profitability Evaluation
- Historical and Adjusted EBITDA Schedule Preparation
- Financial Statements
- Business Valuation
- Projected Cash Flow Calculation
Selling or Transferring Strategies
Deciding what you want to walk away with from the closing table sets your course. Whether it’s maximizing proceeds or leaving a legacy, our succession planning services help create your plan with:
- Intra-Family Transfer Strategy Design
- ESOP Feasibility and Recapitalization
- Asset versus Stock Sale Comparison
Structuring to Maximize After Tax Returns
Exiting is often complex and can trigger significant tax consequences. We help you minimize your tax burden and safeguard your wealth. Our succession planning services include:
- After-tax Proceeds Calculation and Timing of Deferred Payments
- Asset Allocation Opportunities and Other Tax Strategies Review
- Asset versus Stock Sale Comparison
- Estate Tax Planning
Preparing for “Life After Retirement”
Evaluating your financial ability to retire is critical, especially when most of your net worth is tied up in your business. Boulay assists with:
Planning your succession strategy in advance gives you the time to do it right and maximize your returns. Boulay’s succession planning services in Eden Prairie guide your entire process, offering you a comprehensive and integrated succession plan focused on achieving your business and retirement goals.
Get Connected
We can guide you through the entire business succession process to create a sensible plan for your retirement and the transition of your business. If you are ready to move forward, contact us today.