Honeycutt, Smith & Associates specializes in financial planning, business succession, wealth management, and estate planning. We formed the firm 15 years ago when we recognized that there was a significant need for planning expertise for business owners.
Over the past few years, we have spoken with a number of business owners who were ready to leave their businesses but had no willing buyers with adequate capital. These owners had done little planning and found themselves with no way to accomplish their exit objectives. Put simply, it was too late! We have adopted a seven-step process that helps to ensure that business owners maximize what they can take from their businesses while minimizing the tax consequences.
We work with a team of advisors who embrace a systematic approach to ensure a successful transition from your business. We help you crystallize your objectives and implement a plan to pursue them. Our process also addresses additional objectives like business continuation, family concerns, or retention of long-term employees. Our team approach can avert the high cost of failing to plan and strive to implement a successful transition.