Tim Jamison, CPA, is a director and shareholder with Prairie Capital Advisors. In this role, he is responsible for business development and growth initiatives and focuses on advising business owners about ownership transition alternatives, including employee stock ownership plans (ESOPs), and mergers and acquisitions (M&A), among others. Click here to learn more about Tim.
Succession Planning: Smooth Ownership Transition For The Smooth Business Owner
If there’s one thing that never goes out of style it’s “succession planning.” That’s because owners want to ensure that the business they’ve dedicated their lives to is going to provide them with a desirable outcome – all while allowing them to retire worry-free. During this fantastic interview, Doug Houser is granted the opportunity to answer that burning question: Is a smooth ownership transition even possible? Listen to this week’s episode for the answer to this ownership transition and gain additional succession planning insight from some of Central Ohio’s premiere industry experts.
While planning for an ownership transition isn’t necessarily the easiest task you’ll undertake, it can be rewarding – particularly if you work with the right advisors. Lucky for our listeners, Tim Jamison has been the “right advisor” for many business owners over the years. As a CPA and director at Prairie Capital Advisors, Tim has helped pave the way through many ownership transitions.
There are numerous ownership transition options available. Have you started succession planning research for your unique situation? If not, now is the time to start. Exit planning doesn’t cover the entire journey. What does the succession phase look like? Do you plan to sell your business to the highest bidder? Can you sell your business to employees? Maybe you’d like to consider passing the business on to your family? All these questions and we’ve only just scratched the surface. Keep listening to find out more about your options and how you can prepare for the process and which potholes to avoid.
Breaking Down The Ownership Transition Journey
Listen to this episode of unsuitable to learn:
- The various forms of ownership transitions that a business owner should consider.
- What business owners can do to prepare for ownership transition.
- The risks to be aware of during ownership transition.