Expertise, guidance and encouragement in Minneapolis, MN
As a business owner, preparing for retirement and succession planning requires looking at the whole picture. Starting early and partnering with a trusted team allows you to create a well-structured, practical plan for a seamless business transition and a secure retirement. While our succession planning services are available nationwide, our downtown Minneapolis office is conveniently located between Target Field and U.S. Bank Stadium, off South 5th Street.
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
Your business transition can follow one of three paths: selling to an external party, passing to family, or selling to employees or management. No matter what course you take, the best succession plan is one that addresses five key topics.
Identifying Successors
A well-crafted succession plan empowers you to hand over the responsibility of running the company to a successor-owner, transfer ownership and extract the financial value of your 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
We understand that after years of dedication, choosing the right time to sell or transfer your business is crucial. 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. Our succession planning services are designed to help you achieve your goals, whether that’s maximizing proceeds or leaving a lasting legacy. Boulay assists 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 work to 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”
Assessing your financial readiness for retirement is essential, particularly when the majority of your net worth is invested in your business. Boulay assists with:
Developing your succession strategy ahead of time allows you to approach your business transition thoughtfully and maximize your returns. Boulay’s succession planning services in Minneapolis 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.