Business Ownership Transitions
“If you don’t have a strategy, you’re part of someone else’s.” — Alvin Toffler
Many business owners spend decades building a successful business and then unnecessarily lose millions of dollars in a few crucial moments in the business life cycle. Keeping a company and transferring it to the next generation requires very different planning than selling it to a third party. Not planning for either puts you in a position where outside forces dictate your future. The Beringer Group can help you to prepare now to be in a position to profit when it matters most.
Get the results you deserve from your life’s work. Call The Beringer Group to begin a strategic discussion.
About Us
Many people do pieces of what we do. We are one of the few who bring it all together.
We help our clients do better for their family, their employees, and their community.
The Beringer Group is a privately held independent advisory firm. We have been working with the owners of substantial privately-held businesses and the heads of affluent family enterprises since 1979.
We have helped our clients make some of the most difficult decisions of their lives. Our strategic succession planning, investment banking, and tax mitigation expertise has helped us provide clients with innovative, objective, and contemporary solutions across a broad spectrum of critical issues.
In the process, we have helped them avoid catastrophic tax consequences, given their businesses and endeavors new life, and provided for their families, their employees and their communities for generations to come.
ONLY 5% OF INHERITANCES SURVIVE 3 GENERATIONS
60% of inheritances disappear by the 2nd generation. 90% disappear by the third
ONLY 30% OF FAMILY BUSINESSES SURVIVE TWO GENERATIONS
Only 3 percent of family businesses survive to the 3rd
47% OF BUSINESS OWNERS OVER 55 HOPE TO SELL IN THREE YEARS
Only 10% of these have a legitimate exit strategy
ONLY 38% OF BUSINESS OWNERS IMPLEMENT THEIR SUCCESSION PLANS
73% have not focused on tax mitigation issues in their succession plans