Flexibility for the Future With a Wait and See Agreement
A Wait and See Agreement offers a unique and flexible approach to business succession planning. This type of agreement allows business owners to delay the decision on how ownership will be transferred until a triggering event occurs, such as retirement, death, or disability. At Mike Garcia Financial, we help you design Wait and See Agreements that provide clarity and adaptability, ensuring your business is prepared for any eventuality.
A Plan That Adapts to Your Needs
Unlike traditional agreements, a Wait and See Agreement gives you the flexibility to decide the best course of action when the time comes. Whether the business redeems the departing owner’s shares, the remaining owners purchase them, or a combination of both, this agreement ensures your business can adapt to the situation while maintaining stability and continuity.
Understanding Your Business
We’ll work with you to understand your business structure, ownership dynamics, and long-term goals to ensure the agreement is tailored to your needs.
Exploring
Your Options
We’ll explain how a Wait and See Agreement works and compare it to other succession planning tools, so you can make an informed decision.
Seamless Implementation
From drafting the agreement to coordinating with legal and tax professionals, we’ll handle the details to ensure everything is set up correctly.
Ongoing Support
As your business evolves, we’ll help you update your agreement to ensure it remains relevant and effective.
How It Works
1
Let’s discuss your business and determine if a Wait and See Agreement is the right fit for your needs.
2
We’ll create an agreement that provides flexibility and protects your business’s future.
3
From drafting to implementation, we’ll take care of the heavy lifting so you can focus on running your business.
A wait and see agreement gives you the flexibility to make the best decision for your business when it matters most. With the right plan, you can protect your interests and ensure a smooth transition.