Expertise, guidance and encouragement in Mankato, MN
As a business owner, preparing for retirement and planning for succession means considering the bigger picture. By starting early and working with a trusted team, you can create a secure, practical and reliable plan for your retirement and the smooth transition of your business. While our succession planning services are available nationwide, our Mankato office is conveniently located on Madison Avenue.
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
When it comes to transitioning your business, you have three main options to explore. You can sell to a third party, transfer ownership to family members, or sell to your employees or management team. No matter what course you take, the best succession plan is one that addresses five key topics.
Identifying Successors
A carefully crafted succession plan ensures a smooth transfer of company leadership to a successor, facilitates the transfer of ownership, and allows you to extract your financial investment from the business. 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 dedication and effort, we understand the importance of selling or transferring your business at the right moment. 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 a business is often complex and can lead to significant tax implications. We work to help you reduce your tax liability and protect 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 Mankato provide end-to-end guidance, delivering a comprehensive and integrated plan tailored to help you achieve 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.