Stratus Wealth Advisors can help your family business connect its rich history and operational strengths with the strategic goals of the next generation of leadership.
Stratus specializes in business valuation and succession planning services for the LBM industry. We deeply respect and appreciate the generations of hard work that have built your business and contributed to its success. Our goal is to honor this legacy by helping our family-owned business clients remain independently owned.
At Stratus, we understand that many successful LBM businesses are the product of generations of hard work, sacrifice, and dedication.
For over a decade, we have worked with LBM dealers across the country who are committed to serving their customers, supporting employee growth, and contributing to their communities. Many of these businesses have deep roots, tracing back to the efforts of World War II veterans and hardworking families seeking success in American society. Our goal is to honor and preserve this rich legacy while guiding these businesses through a customized and strategic transition.
However, no matter the success of these businesses, the owners will eventually need to transition leadership and ownership of the company. Even with a strong culture and a sustainable growth strategy, a change in leadership and ownership can create challenges.
Without the right planning and processes in place, a well-run business can struggle to adapt and thrive. These struggles can lead to difficulties for all the company’s stakeholders: the owner, their family, the employees, the customers, and the local community.
We understand that business owners often feel anxious about how their business will move forward without them. Since most business owners only transition ownership once, they need a strategic partner who will listen to their goals and concerns to create a customized solution.
At Stratus, we work closely with you, your family, and your key advisors using a process designed to help you answer key questions such as:
- What is my business worth and how do I make it more valuable?
- What are my options for transitioning ownership?
- What are the tax implications of selling my company?
- How do I equitably divide my estate between children working in the business and those who are not?
- Can the value of my business and my other assets support my post-ownership goals?
- What risk mitigation strategies can help me to protect my family and my net worth?
- How can I reduce my time commitment to my business?
- What legacy do I want to leave behind for my family, my employees, my customers, and my community?
We believe that holistic succession planning can create a successful and sustainable solution for all stakeholders. This approach will help your family business build on its historical strengths and the hard work of past generations, while equipping the next generation with the tools and flexibility needed to keep your independent business thriving and impactful in your community.
Contact us for more information: stratuswealthadvisors.com
or schedule a complimentary consultation: go.oncehub.com/SamBrownell
