Succession Plan
We were faced with an unexpected challenge when my father’s illness accelerated our timeline for taking over the family business. Craft Financial Inc. stepped in and played a crucial role in guiding us through this transition. They developed a comprehensive financial plan that ensured my mother could retire comfortably and that we, as the second generation, could operate the business independently.
Craft Financial Inc. worked closely with our accountant and lawyer to coordinate our succession plan. This included determining the value of the business, structuring the financing for the purchase, tax planning, and a capital share reorganization. Their expertise and thoughtful approach made the entire process smooth and efficient. They also helped us communicate the plan clearly to the rest of our family and spouses, ensuring everyone was on the same page. We are incredibly grateful for their support and guidance during this pivotal time.