Stepping away from your company

After you’ve put so much time and energy into growing your business and career, leaving your company can be a difficult task. There are things you can do to prepare for this time and make the process go more smoothly.

Leadership transitions and succession planning can have wide-ranging implications for a company and families. Being as prepared as you can be, from both business and personal perspectives, can help make the move more seamless.

Business considerations

It’s important to have a plan and open lines of communication. It’s better to do business transition planning before it’s time to actually step aside, so that you can ensure you are preparing the next batch of talent effectively to promote a smooth leadership transition.

  • If you are a private business owner, this could include business transition considerations pertaining to passing ownership and leadership of the company to the next generation. We can offer insights around that.
  • If you are evaluating a sale of your business, we can work with you to prepare for the transaction and also provide thoughts around any offers that you receive.

Personal wealth considerations

Make sure you have a plan to support your lifestyle in retirement. Beyond that, it’s key to understand any retirement plans, equity plans or other benefits you’ll be receiving from your company. It’s important that you have someone in your corner who can provide thoughtful guidance during this time of transition—and our advisors can help you.

Every business will inevitably face a transition. You can be reactive and risk a result you won’t like—or strategically plan ahead and choose your outcome.

  • Optimizing compensation

    Understanding your awards and benefits is critical to making the most of your opportunities. We’re tapped into best practices and industry standards, and you can rely on our deep experience to help guide your decisions.
  • Stepping away from your company

    It’s never too early to start planning—whether that’s retiring, selling your business or transitioning leadership to the next generation. We can help you ask the right questions—and formulate the right answers.