What’s the best way to transfer ownership of my business?

The ideal method depends on your goals. Options include selling to external buyers, passing ownership to family, or creating employee buy-in strategies. We evaluate your needs to determine the best path forward.

How can I reduce taxes during a business transition?

Using techniques such as installment sales, gifting shares, or establishing trusts can reduce tax burdens and maximize financial outcomes.

When should I start preparing for business succession?

The earlier, the better. Starting well in advance provides more time to increase business value, groom successors, and address potential risks.

What happens if I don’t prepare for a succession?

Without a clear strategy, your business may face operational disruptions, legal complications, or reduced value during a sudden transition. Proper preparation ensures continuity and stability.

Business Succession Solutions

Secure Your Business’s Future

Customized strategies to ensure seamless ownership transitions.

At Petros Family Wealth, we understand that your business represents years of hard work and dedication. Our business succession solutions are designed to preserve the value of your company and ensure a smooth transition of ownership. Whether you’re preparing for retirement, selling to an external buyer, or passing your business to the next generation, our team offers tailored strategies to support your goals and protect your legacy.

Schedule a Fit Meeting Now

Liability Coverage

Liability coverage protects your business financially if one of your vehicles is involved in an accident that causes injury or property damage to others. Jacobs Insurance Solutions offers tailored liability coverage for business vehicles, ensuring you’re fully protected from the financial impacts of an accident.

Collision Coverage

Collision coverage helps cover the costs of repairing or replacing a company vehicle that is damaged in an accident. Our business auto insurance policies include customized collision coverage, allowing your business to continue operations without interruption

Comprehensive Coverage

Company vehicles face various risks beyond collisions, such as theft, fire, and vandalism. Comprehensive coverage protects your vehicles from these non-collision events. Jacobs Insurance Solutions provides comprehensive business auto insurance, safeguarding your fleet against unexpected losses.

Ownership Transition Planning

We guide you through the process of transferring ownership—whether to family, employees, or external buyers—with strategies designed to protect your business’s value.

Valuation Support

Accurate and insightful business valuations help you understand your company’s worth and make informed decisions for the future.

Tax-Efficient Strategies

Minimize taxes during the transition with solutions that maximize financial outcomes for you and your successors.

Continuity Solutions

Prepare your business for leadership changes with a focus on operational stability and long-term success.

FAQs About Business Succession Solutions

What’s the best way to transfer ownership of my business?

The ideal method depends on your goals. Options include selling to external buyers, passing ownership to family, or creating employee buy-in strategies. We evaluate your needs to determine the best path forward.
How can I reduce taxes during a business transition?

Using techniques such as installment sales, gifting shares, or establishing trusts can reduce tax burdens and maximize financial outcomes.
When should I start preparing for business succession?

The earlier, the better. Starting well in advance provides more time to increase business value, groom successors, and address potential risks.
What happens if I don’t prepare for a succession?

Without a clear strategy, your business may face operational disruptions, legal complications, or reduced value during a sudden transition. Proper preparation ensures continuity and stability.