Succession planning is the process of identifying and developing potential successors for key positions in a business through ongoing evaluation and training.

Whether it is determining a succession of future family members, whether it is making the business ready and available for sale to a third party, or whether it is ensuring that a business is appropriately structured for an internal employee to carry on the business, succession planning requires significant expertise and advanced planning. At Gauvreau & Associates we work closely with our clients to advise them of available options and the process necessary to ensure that any succession takes place in an efficient and effective manner.