It is a fact that all family businesses will eventually go through a transition — whether that be leadership succession or ownership transfer. The Baker Tilly Family Business Strategy Group believes transitions should emphasize family business continuity and maximize wealth to transact or pass down for future generations.

In this whitepaper, Baker Tilly taps into their extensive experience guiding family-owned businesses to detail seven keys to success that are critical for each transition journey.

Still have questions? We can assist you with transition, estate and tax planning, M&A, leadership succession, wealth management and strategic planning. We help you prepare your business to sell or increase the value of your business to pass on for generations to come. We’re here to help. Connect with us.

Erich is a director with close to 25 years of management, strategy and technology consulting experience across a wide range of industries, including the mobility and transportation sector. As a business and technology leader, he works side by side with executives to solve enterprise transformation related programs. Erich specializes in corporate strategy, customer experience, supply chain and manufacturing, customer and field service-related functions, shared service design and program management. 

In this whitepaper, Baker Tilly identifies seven keys to success family-owned businesses should use when facing a transition.

The stages of life and business can be unpredictable and disruptive. Baker Tilly’s family business team offers a range of innovative services to make the journey approachable and successful.

Helping family businesses navigate the stages of life and business through growth strategies, succession planning and next generation leadership development.

Providing manufacturing consulting solutions to help businesses reduce risk and improve efficiencies across the supply chain.

Whether it’s assurance, tax or advisory needs, our manufacturing consulting professionals have tailored solutions for industry challenges including workforce shortages, automation, artificial intelligence, inflation and costing pressures or supply chains disruption.

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From field to fork, globally across the supply chain

Baker Tilly’s agribusiness practice combines agricultural, cooperative and manufacturing experience to meet the changing landscape of agribusiness with industry-tailored advisory solutions.

Distributors rely on Baker Tilly to help them streamline operations, automate processes and capture data critical to daily decision making. 

Our food and beverage consultants help clients respond to changing consumer demands, innovation, risks and regulations and industry consolidation.

We help food and beverage companies navigate changing consumer demands, innovation and the global landscape to bring insight and innovation. 

We help traditional internal combustion engine (ICE) suppliers evolve, transform and innovate for future success with accounting and supply chain advisory services rooted in analytics. 

Baker Tilly works across the automotive and mobility industry to help traditional internal combustion engine (ICE) suppliers evolve, transform and innovate for future success with accounting and supply chain advisory services rooted in analytics. 

Seven keys to success for family business continuity and transition

Readiness checklist for the NAIC Insurance Data Security Model Law

Seven keys to success for family business continuity and transition

Download the whitepaper.

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Readiness checklist for the NAIC Insurance Data Security Model Law