Growing With Our Clients for 75 Years

Succession Planning

W&D works with family-owned and privately-held businesses to create and execute successful exit strategies and business continuance plans into the second and third generations and beyond.

Succession Planning Services for Your Business

Succession planning includes the evaluation of numerous business and personal factors. W&D’s professionals develop customized strategies to navigate an increasingly complex maze of alternatives.

Succession planning can include transferring your life’s work to family heirs, the handing down of a business to key employees, or the positioning of a company for sale. There are many considerations involved in finding the right succession plan for your situation.

We help you address issues such as restructuring the business, choice of entity, tax consequences, and retirement income projections. We are also sensitive to the many personal issues that affect any family business situation. Our goal is to structure a succession plan that meets the needs of all generations.

Our multidisciplinary team of professionals are knowledgeable and committed to helping implement a plan that will meet the needs of the company and the ownership, and also make sure that all the hard work of creating and growing a business is safeguarded.

Our succession planning services include:

  • Business valuation
  • Buy/sell agreements
  • Tax planning
  • Estate and gift tax planning
  • Intra-family transfers
  • Mergers and acquisitions
  • Divisive reorganization
  • Key employee buyout
  • Minimization of estate and capital gain taxes
  • Ownership and structuring control
  • Retention of key employees
  • Maintaining liquidity

Estate & gift tax planning

W&D has in-depth experience in estate, gift and generation skipping tax planning including trust structure and administration. Learn More.

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Related Information

Privately-Held Businesses
Estate & Gift Tax Planning
Business Valuation
Wealth Management
Business Valuation

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Accountants | Auditors | Consultants | CPAs - Warady & Davis LLP is a Top 25 Chicago CPA Firm that provides audit, accounting, tax and consulting services to privately-held businesses, high net-worth individuals across the United States, including Chicago (IL), Milwaukee (WI) and surrounding areas. The firm provides a variety of accounting, tax, audit, technology, forensic, consulting and advisory services to guide businesses toward their goals. W&D's industries served include construction, healthcare, medical and dental practices, nonprofits, manufacturing, real estate, wholesale & distribution and closely-held businesses.