Succession Planning

In this episode of Small Business Connections, Ann talks about succession planning and taking care of your business and yourself financially with Stratus Wealth Advisor, Sam Brownell. Entrepreneurship has many demands and it is vital to plan for your personal and professional future.

We discuss:

1. How has the pandemic affected the value of my business?

2. What is succession planning and why is it important to my business and my family?

3. What type of ownership transfers are available to me as a business owner?

4. How do I minimize taxes when I sell my business?

5. How do I protect my family throughout the succession planning and ownership transfer process?

Sam Brownell, CVA, CFA, MBA has been a financial professional since 2006 and formed Stratus Capital Management in July 2013 to provide goals-based investment management to individuals and small businesses. As the firm grew, an increasing number of small business clients sought Sam’s advice on their own business growth issues, including valuation, tax strategy, business continuity planning, and succession planning. In 2019, Sam obtained the CVA certification from the National Association of Certified Valuators and Analysts (NACVA) in order to better serve his business clients.

 Sam’s free succession plan- https://stratuswealthadvisors.com/insights/business-planning-kit

Sam’s Favorite Book

Team of Rivals: The Political Genius of Abraham Lincoln by Doris Kearns Goodwin 

Connect with Sam Brownell: Linkedin