Business Succession

Do you want to ensure that the future of your business is secure? Business succession planning is key for solidifying your vision after you've left your company.

Call for a Free Consultation

Business Succession Services in Plantsville, CT

Ownership Transferring and Transitions Accountant

Business succession planning is the process of preparing for the transfer of ownership and management of a company from one generation to another. It’s often an overlooked part of running a business, but having a plan in place can help ensure that your business remains successful even after you are gone. Wayne W. Stanforth, CPA can help you with business succession planning and ensure your business is well taken care of.

What Does Business Succession Entail? 

Business succession planning includes assessing your current situation and creating a plan that takes into consideration important factors such as family dynamics, estate planning, current market conditions, tax considerations and more. With over 35 years of experience in the financial services industry, we can provide you with reliable advice to ensure the transition of ownership goes smoothly. 

Benefits of Business Succession Planning

Business succession can help your business remain successful long after you are gone. It can:

Ensure that ownership is transferred according to your wishes

Keeps family dynamics in check

Provide for a smooth transition

Protect the legacy of your business

Minimize tax costs

Allows for all stakeholders involved to have a say in the process

Signs It's Time to Begin Succession Planning

If you are a business owner, it’s important to understand when the right time is to start succession planning. It can be a difficult process and requires thoughtful consideration, but there are key signs that may indicate it’s time to begin the process:

You’re nearing retirement age

Your family members have expressed their interest in running the business

You’re looking to transition ownership to someone outside of your family

You want to ensure that ownership is transferred according to your wishes 

You Can Trust Us With Your Succession Planning Needs

With our extensive experience in the financial services industry, Wayne W. Stanforth, CPA can help you create a solid succession plan that meets your current and future needs. We can provide you with personalized advice and guidance on how to best transition your business ownership while taking into account all of the important aspects mentioned above. Contact us today to get started. We look forward to helping you create a secure future for your business!

Contact Us Today

For more information or to schedule a free consultation, call us at (860) 628-4995 or click the button below to contact us online.

Contact Us

For more information about business succession planning or to schedule a free consultation, call us at (860) 628-4995 or visit our contact page.

Why Choose Wayne W. Stanforth, CPA?

Handing over your finances can be nerve-wracking, but our team instills trust in clients by offering:

Over 35 Years of Experience

Over 35 Years of Experience

Full Range of Financial Services

Full Range of Financial Services

Free, No-Obligation Consultations

Free, No-Obligation Consultations

Comprehensive Individual & Business Accounting

Comprehensive Individual & Business Accounting

Hear From Our Happy Clients

Our area of expertise is numbers– we leave the writing to our clients! Take a look at what some of our dedicated customers have said about their experience with our services and why they continue to utilize us as their accountant of choice.

"Wayne has done an excellent job for the past two years assisting with my taxes and filing other important papers for my business as well as handling tax returns for my wife and I personally.  He responds to questions immediately and is attentive to detail and overall has been a great help."

Randy C.

"Wayne W. Stanforth, CPA has done our taxes for years.  He has been very helpful in explaining the intricacies of owning your own business and how to report as well as having rental properties.  He also keeps his commitments regarding when the taxes will be done.  I highly recommend his services!"

Susan Q.

"My wife and I seek the accounting services of Wayne every tax season and we have been doing so since 2001. I am a firm believer in doing business with people I can trust and over these past 17 years Wayne has never failed in being a down-to-earth, warm and honest man to us both."

Jerry O.

Read All Reviews
Share by: