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.

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



In our first meeting, we work together to uncover your true financial needs, goals, concerns, and evaluate your current financial position.

Financial Framework

With a better understanding of where you are and where you want to go, we will design a customized, actionable plan to help you achieve your goals.

Mutual Commitment

Once you have had a chance to review your plan, we can answer all of your questions, respond to any concerns, and then decide together how to proceed.

Implementing Your Plan

If you want, we can take care of the paperwork and get your plan moving forward. Call us at any time for information or if you have questions.


As life changes, so do your goals. To make sure your plan remains in line with your goals we will meet regularly to review your progress and ensure your plan continues to fit your objectives.

Guiding You Through The Process

Start Succession Planning Here

Send us a note below to meet with Prism Capital Management and discuss how we can help you make the most of all that you own, now and for decades to come!

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