top of page
Copy of ab (3)_edited.png

Business Succession Planning: Preparing for the Future in Fort Myers

  • Writer: Aashir Abbas
    Aashir Abbas
  • Sep 16
  • 1 min read
Business Succession Planning: Preparing for the Future in Fort Myers

Every business owner will eventually exit their company — whether through retirement, sale, or transition to family. Without a succession plan, the process can be chaotic and costly. At MarkhamNorton in Fort Myers, we guide businesses through creating plans that protect owners, employees, and stakeholders.


Why Succession Planning Matters

  • Protects business value during transition.

  • Ensures leadership continuity.

  • Reduces disputes among heirs or partners.

  • Minimizes tax burdens on sale or transfer.


Key Steps in Succession Planning

  1. Identify GoalsDecide whether you want to pass the business to family, sell to employees, or prepare for acquisition.

  2. Valuation of the BusinessDetermine the company’s worth to ensure fair negotiations and tax planning.

  3. Choose SuccessorsIdentify and train future leaders well in advance.

  4. Plan for TaxesProper planning minimizes estate and gift tax exposure.

  5. Legal and Financial DocumentsWork with CPAs and attorneys to formalize agreements.


FAQ

Q: When should business owners start succession planning?A: Ideally, 5–10 years before retirement to allow for training, valuation, and tax planning.

Q: Is succession planning only for large businesses?A: No — even small businesses benefit from having a transition plan.


Secure your business legacy with succession planning services from MarkhamNorton in Fort Myers.



 
 
bottom of page