Radian Partners

Memphis: 901.202.3909 Nashville: 615.261.4632

Ahead of the Curve

Small Business

Solid financial planning, self-employed retirement plans, and succession planning services to help your retirement strategies.
6060 Poplar Avenue, Suite 150
United States of America

Small business owners retirement plans, financial advisors memphis, best retirement plans memphisIf you own a small business, hats off to you. It takes a great deal of hard work and determination to make a business successful.  Unfortunately, only about 1/3rd of small businesses successfully make the transition to the second generation. What will happen to your business when you retire?

Business succession planning takes careful consideration, strategy, planning, and action. Planned properly, your kids may not work at the company you’ve created, but it can continue to thrive. Your business may continue to provide jobs to your employees, contribute to the economy, and provide your heirs some income for years to come.

Give us a call so we can help create a succession plan in relation to your vision, but also just in case the unexpected happens.

In the meantime, here are some items to consider before we get together:

Potential Successors – You may want to discuss your thoughts with any potential successors. Solicit and consider their ideas on taking over the company when the time comes. Would they want to buy the company?

Consider Roles – If your heirs aren’t directly involved in the company, should they be?

Formal Structure – Will the structure of the company need to change? ESOP, perhaps?