Consulting.
Succession Planning
You are dealing with a relationship design involving millions of dollars in future production and the potential sale of one of your most valuable assets.
Developing a new relationship structure for an existing associate can be complex. . It is always our recommendation to design a complete but phased transaction prior to the employment of the individual. We typically begin our work by developing a clear understanding of the existing relationship and then move to a new design that meets the needs of both parties. Our desired outcome is a relationship design which is both fair and which motivates all parties to improve the performance of the business and maximize the underlying value of the asset – the practice.
There are many potential opportunities and pitfalls in any relationship design. Seek out experienced support. These kinds of transactions can sound very simple on the surface, but can become highly detailed and complex as emotions come to the surface and as each party’s respective professionals (lawyers, accountants and relatives) may get involved.
Ask how we can help you.