Succession Planning

Looking into the future.

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Succession and exit strategy planning is key to maximizing the transition of generational wealth. For a century now, we’ve guided business owners through various economic cycles, from external sale to a family transition, management buyout, or passive ownership arrangement. We’re prepared to help you craft a plan that is unique to your needs and circumstances.

solution overviews

Personal

  • Owner Goals
  • Family Dynamics
  • Estate Planning

Finance

  • 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
wins for Succession Planning

Helping a law firm owner build a succession plan without letting go of her legacy

Established shared ownership and a defined leadership structure

A successful law firm with nearly 50 attorneys needed a succession plan that balanced the founder’s desire to remain involved with growing demands for ownership opportunities and leadership transparency. Elliott Davis implemented a transition strategy that formalized governance, reduced founder dependence, and positioned the firm for continued growth.

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