Every business faces succession planning issues. Successful, forward thinking companies incorporate succession plans within their business plans years in advance. Unfortunately, this is the exception, rather than the rule.

Most business owners wait until they are ready to retire or facing an unplanned event such as disability to begin the succession process. By putting these decisions off, business owners limit their options (and opportunities) to maximize what is generally their largest asset. In many cases, businesses fail or are sold at a substantial discount due to a lack of planning.

For decades, Naden/Lean, LLC has helped guide business owners through the process of succession planning. Whether the baton will be passed to a family member, management, employees, or a competitor, we will help plot a successful course. We work closely with all the trusted advisors involved in the business including, legal, banking and financial so that communication is open and consistent.

We have taken the additional step of adding a business valuation department to our firm. Most members of Naden/Lean’s business valuation team are Certified Valuation Analysts (CVA). An elite designation for Certified Public Accountants, a CVA qualification acknowledges an individual’s advanced knowledge, commitment to continuing education and expertise in valuation theory.