Tax Accounting Services St. Louis MO

Business Succession Planning in St. Louis

Work with the Top Succession Planning Consultants

The financial side of company succession planning is often one of the most difficult aspects to discuss and plan for. Placing a value on your business is an important part of a retirement plan for owners. It is essential to have a solid understanding of the financial implications of succession in order to make the best decisions for your business. It is important to have a clear understanding of these costs before making any decisions about succession. 

It is also crucial to consider the tax implications of succession. Depending on the structure of your business, there may be significant tax implications associated with passing ownership to a successor. As such, it is imperative to work with a qualified tax advisor to ensure that you are aware of all potential tax liabilities. 

As our client, we use our knowledge of your business, company financials, and industry type to assist with determining market value. This data can be used in conjunction with the financial advisor’s future retirement plan, or to create a sale price. At Rhea & Associates, we have relationships with several business brokers and contacts to fit your industry specifics.

Accountants having a tax consulting meeting with business owners.

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