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Family owned businesses are at the very core of our practice. Since our founding in 1945, we have guided multiple generations of closely held businesses of all sizes and in many industries, helping them to successful growth, prosperity and generational transition. Our practical advice, specially tailored services and sensitivity to the issues unique to family-owned companies combine to make us a valuable asset to family businesses.
The unique nature of a family business requires specialized services, support and understanding in order to endure. We take into account the interconnecting nature of business, family, and individual needs. We immerse ourselves in all aspects of your business to understand your goals. This allows us to provide sound advice to help you make informed decisions.
Succession Planning Services
Only one-third of family-owned businesses survive the transition from founder to second generation, and fewer still make it to a third generation or beyond. The key for assuring the continuation of a family business is developing and implementing a well-designed succession plan. At Gray, Gray & Gray, our succession planning experience offers a proven framework for developing a practical transition. Each plan is customized to your family, your business, your goals, and your values.
We meet with you to discuss issues such as restructuring the business, choice of entity, tax consequences, and retirement income projections. But we are also acutely aware of and sensitive to the many personal issues that affect any family business situation. Our goal is to structure a succession plan that meets the needs of all generations.
Business & Personal Wealth Management
Our wealth management team quarterbacks all elements of your financial situation to ensure that family needs and goals are fulfilled. Looking ahead, we build an effective succession plan and help you prepare for a financially secure retirement. This many include estate planning, establishing trusts, tax strategies and contingency plans.
A Family Commitment
As part of our ongoing commitment to family-owned companies, we are members of the Family Firm Institute, and play an active role in both the Massachusetts Family Business Awards and the Northeastern University Center for Family Business.
Call us today at (781) 407-0300 or email vision@gggcpas.com. We’re here to help you continue the legacy of your family-owned business.
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