Succession Planning

If you want to successfully transition your business, you must plan for succession well in advance. We can aid you in creating a strategic succession plan that will help you position your organization and financial resources for the future. The professionals at Leaf, Miele, Manganelli, Fortunato & Engel, LLC are trained to help owners manage each part of the succession process and help define, establish and achieve your goals and objectives.

Some of the issues we help you address include:

  • Identifying your critical management succession issues;
  • Deciding if and when to sell the company;
  • Understanding how the transition will impact your financial goals, retirement and subsequent cash flow;
  • Understanding how this transition affects your estate-planning;
  • Assessing whether or not your existing business strategy secures value;
  • Understanding the ramifications to your business before and after a succession transition;
  • Addressing the emotional and lifestyle issues of all the players involved.

Business follows a natural life cycle, with each stage having its own set of challenges and planning needs. Changes in one area often dramatically impact others. Our approach to family business consulting and succession planning allows you to understand and plan for each stage well in advance.

Our Model of Succession Planning and Family Business Consulting Incorporates:

Ownership Transition Planning:

  • Business valuations
  • Strategic planning
  • Sale of business planning and consultation

Management Succession Planning:

  • Management skills assessment
  • Organizational development and training
  • Professional search and recruiting needs
  • Organization charting and position descriptions (if appropriate)

Business Planning:

  • Strategic planning
  • Balance Sheet, profitability and operating performance assessment
  • Budgeting and forecasting
  • Financing issues

Estate Planning:

  • Tax planning
  • Gift Planning
  • Document analysis
  • Generation-skipping planning

Personal Financing Planning:

  • Cash flow needs analysis
  • Retirement planning
  • Personal income tax planning
  • Personal wealth planning
  • Investment diversification analysis