The Business Owner's Roadmap
Using research conducted with business owners, this whitepaper is a guide to the business owner journey, offering a roadmap to help you think through some of the most important areas of planning, such as:
- Preparing for unexpected disruptions
- Navigating family dynamics and developing a succession plan
- Exploring options for selling your business
- Preserving the wealth you’ve created for future generations
Our goal with this roadmap? To give you clarity, simplify complex decisions, and help you feel more confident about the future of your business and your family. Reach out to our team at the form below for a copy of this resource.
Protecting Your Business
As your business grows, your insurance needs will likely evolve alongside it. We’ll review your existing insurance policies and provide objective guidance that addresses your needs, whether it’s to ensure the longevity of your business or enhance the benefits of your key employees.
Because Baird does not underwrite insurance products, we can work with your trusted advisors to review what solutions truly work best for you.
Supporting Your Employees
For businesses that offer a qualified retirement plan, we can support the fiduciary obligations that are a result of sponsoring a plan, such as plan reviews, fee analysis, investment recommendations, employee education and ongoing support for you and your organization.
As an independent consultant, we can work with you to analyze a range of providers and help design a customized and flexible solution.
59% of surveyed business owners do not have a formal, written plan for their life post-business.1
80% of surveyed business owners' net worth is locked in their business.1
58% of surveyed business owners do not have a written financial plan prepared by a professional.1
Pre-Transition Planning
Our team can help coordinate your business transition team, including your attorneys and CPA, to help ensure the your transition runs smoothly. We’ll also use this time to revisit your personal financial plan, exploring tax, liquidity, charitable giving and estate planning strategies to pursue post-transition.
Building A Transition Roadmap
Whether an external sale, internal buyout or family transition, the complexities that accompany the various types of transitions are wide in range – your transition team can support you in developing a timeline, business valuation and communication strategy.
Discussing Post-Transition Plans
Following your exit, we’ll revisit your wealth plan to ensure your assets and liabilities are in alignment, and implement any investment strategies that use proceeds from the business sale.
External Sale
Baird's Business Owner Solutions can support valuations, sales, mergers, acquisitions, employee stock ownership plans and other similar transactions.
Family Transition
Baird Family Wealth provides specialized guidance for legacy wealth families who require advice and services that extend beyond traditional wealth management needs.
Wealth Planning
Following your exit, our Wealth Planning team can evaluate how the proceeds of your transition can fit into your personal wealth, tax and estate plan.