Preparing businesses and leaders for a successful AND sustainable future.  

- Are you confident that your business would move forward effectively if you were removed unexpectedly?

- When do you plan to transition out of the day-to-day operations?  How confident are you that you can do that on time and without sacrificing financially?

Business owners rarely have a plan in place for successfully transitioning out of their businesses, but most of them also want a long and profitable future for the organizations they have worked so hard to build – even after they pass the torch.  Since time or circumstance will inevitably lead to new leadership down the road, your business needs to have a smart succession strategy in place to ensure a smooth, successful transition. 

There are three major components in business succession planning: tax, legal and managerial/logistical. While inadequate preparation in any of these areas can be a significant and costly risk, a smart transition plan can inject positive energy into your business, minimize operational disruption and preserve profitability well into the future.

As a part of our comprehensive RiskIMPACT™program, Gibraltar has established a process to assess your current needs, identify gaps in your current program and coordinate efforts to build a plan that aligns all three areas of succession planning. TransitionGUARD™ is designed to alert business owners to the potential problems that can arise during leadership transitions. After identifying your potential risks and opportunities, our team of experts will collaborate with you to design a working succession plan, communicate it to your key team members, and then implement it when the time is right.

TransitionGUARD™ Highlights:

As a part of the TransitionGUARD™ succession planning program, Gibraltar will:

• Sit down with business owners/leaders to determine future goals and bottom-line considerations, assess risks and identify prospective buyers or new leadership.
• Assemble needed legal and accounting experts to help maximize value and meet bottom-line goals.
• Provide a plan for business continuity in matters such as cash flow, retaining key employees, obtaining a suitable CEO/executive, etc.
• Initiate discussion and planning surrounding uncomfortable possibilities such as premature death of the owner.
• Educate key executives and trusted advisors on the vision and strategy of the succession plan.
• Identify and execute various instruments such as life insurance and 831(b) agreements which support business needs and owner objectives.
• Monitor succession plan annually or more often, as needed, for changing circumstances.