Business Succession
One of the important decisions a business owner must face is when and how to step out of the business.
It’s never too early to develop a succession plan that will ease the transition to new owners, management, or family. Discussing your thoughts with your financial, tax, and legal advisors will lead you to a course of action.
It’s never too early to develop a succession plan that will ease the transition to new owners, management, or family. Discussing your thoughts with your financial, tax, and legal advisors will lead you to a course of action.
Considerations for a succession plan
- You can sell your business.
- You have control of your interest or business assets until you are ready to let go.
- You decide how much or how little you want to sell.
- You choose when you want to sell.
- You can sell your interest during your lifetime, and receive cash to use for whatever you choose — retirement, a new business venture, that trip around the world, charitable donations, or a fund for distribution to your beneficiaries.
- You can gift your business.
- You can pass on your business to whomever you choose, such as family, colleagues, friends, or charitable institutions.
- You can provide stipulations about how this process is managed.
Business succession planning is difficult for a variety of reasons.
We work closely with a number of CPAs and attorneys that specialize in business succession plans. Prism’s goal is to ensure your years of hard work will be transitioned effectively to maximize future returns.
We are an independent advisory firm
Independence Is Its Own Reward
As an independent advisory firm, Prism Capital Management is not pressured by a parent company to direct you into their proprietary products. As a result, we have the freedom to provide you with a wide variety of investment choices from among the best that the financial services industry has to offer. And as a Registered Investment Advisor with the Securities Exchange Commission, we have a fiduciary responsibility to always put your best interests ahead of ours. You never have to worry about a conflict of interest when we make a recommendation.
As a fiduciary, we're different from other advisors.
As a Registered Investment Advisor regulated by the U.S. Securities And Exchange, Prism Capital Management LLC works exclusively for you, putting your interest first in all we do. Working as your advisor, we are a fiduciary and must always protect your best interests and disclose to you any conflicts that could prevent us from serving your best interests.
Our Process
Guiding You Through The Process
Start Succession Planning Here
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