Our Services
The Silent Generation and Baby Boomers together will pass down $84.4 trillion in assets through 2045 (forbes.com August 9, 2023), and most of that wealth is tied up in the businesses they own. Many business transition opportunities exist – from external sale to a family transition, management buyout or passive ownership arrangement – and succession and exit strategy planning is key to maximizing the transition of this vast generational wealth.
With a 100-year legacy, Elliott Davis has guided business owners through all economic cycles. Our team of experienced professionals provide holistic succession planning services to family generational businesses, professional services firms and C-suite organizations.
We tailor our approach based on the unique needs and circumstances of the client, considering priorities under four key pillars to assist with the development and execution of successful succession plans:
Personal
Owner goals
Family dynamics
Estate planning
Financial
Tax planning and structuring
Company valuation
Equity restructuring (ESOP, management buyout)
Alternative compensation plans (deferred compensation)
Operational
Strategic planning
Roles and responsibilities
Policies and procedures
Performance management
Governance
Board composition
Legal governing documents
Business continuity planning
