A Strong Succession Plan Protects Company and Personal Assets
Under any circumstances, a closely held business faces a challenge when creating a succession plan. Succession plans are even more important for franchised dealerships where the franchisor is a stakeholder and has approval rights.
Crowe Horwath LLP has unique insights into what many franchisors would consider an acceptable plan. Crowe can use this insight to assist in designing a plan that will increase the chances that it will be approved by the franchisor. Further, we can integrate the succession plan with your estate plan and provide the right techniques to minimize the estate-tax impact on your heirs and safeguard company and personal assets.
Succession planning is a strategic business decision that protects the dealership assets for years to come. Crowe can help you monitor conditions closely, adapt to changes, and optimize the succession plan for transferring your assets to the next generation.