Skipped Succession Planning – Disclaimer: This is a fictional scenario based on real-life business challenges. It’s designed for educational purposes only and does not reflect any specific client.
He Skipped Succession Planning—And Left His Family a Tax Nightmare
Mark had built something special—an industrial supply business with 40 employees and a steady $12 million in annual revenue. But like many business owners, he was so busy running the business that he never got around to planning for what would happen after him.
Then the unthinkable happened—Mark passed away unexpectedly, leaving his family scrambling to untangle the business. No formal succession plan. No valuation. No clear leadership transition.
To make matters worse, they were hit with a tax bill they couldn’t afford. Without proper planning, Mark’s estate was taxed at its full appraised value—triggering six figures in tax liabilities. And the business? It was suddenly at risk of being sold off just to cover costs.
The High Cost of Waiting Too Long
Mark’s story isn’t uncommon. Many business owners assume they’ll “get to it eventually”—but when life happens, delay becomes devastation.
Without proper succession planning:
- Your heirs may face avoidable estate taxes
- Your business may lose continuity and value
- Your team may leave due to uncertainty
- Your legacy could be lost in the shuffle
How MSM Advisors Protects Your Legacy
Succession planning isn’t just for retirement—it’s about protecting the business and the people who rely on it.
MSM Advisors works with business owners in Lawrenceville and across Georgia to:
- Evaluate estate and tax impacts of transition
- Collaborate with legal advisors on exit strategies
- Structure buy-sell agreements and ownership shifts
- Ensure your family and team aren’t left in chaos
Whether you’re planning for retirement, selling, or just being proactive—succession planning is one of the smartest moves you can make.
You built the business. Let us help you protect what it means to you.
Contact MSM Advisors to begin the process today.
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