Business Succession Planning Form

ALLIANCE FOR CONTRACTORS

Business Succession Planning & Transition Services

Business Succession Planning Form

Comprehensive Family Business Transfer & Succession Planning for Contractor Dynasties

1. Business Information & Current Structure

Company Legal Name:

DBA/Trade Name:

Years in Business:

Current Legal Structure:

Primary Trade Focus:

Annual Revenue (Last 3 Years Average):

Number of Employees:

Business Description & Specializations:

🔗 Alliance Integration: Business Valuation Services

Connect with Alliance certified business appraisers for professional valuation using contractor-specific methodologies including asset-based, income, and market comparison approaches.

2. Family & Stakeholder Assessment

Current Ownership Structure

Owner Name	Relationship	Ownership %	Current Role	Active in Business

Next Generation Assessment

Family Member	Age	Interest Level	Experience in Business	Outside Experience

Family Dynamics & Considerations:

3. Succession Timeline & Goals

Desired Succession Completion Date:

Current Owner(s) Retirement Timeline:

Primary Succession Goals (Check all that apply)

Maintain family business continuity and legacy

Ensure financial security for current owners

Preserve employee jobs and company culture

Position business for future growth

Minimize tax implications of transfer

Maintain key customer relationships

Specific Succession Objectives & Success Metrics:

🔗 Alliance Integration: Strategic Planning Tools

Access Alliance succession planning software to create detailed timelines, set milestones, and track progress. Includes contractor-specific templates and benchmarking data.

4. Leadership Transition Planning

Successor Identification & Assessment

Primary Successor Candidate:

Relationship to Current Owner:

Years in Company:

Current Position:

Leadership Experience:

Development & Training Needs Assessment

Skill Area	Current Level	Required Level	Training Priority	Timeline
Technical/Trade Skills
Business Management
Financial Management
Sales & Marketing
Leadership & People Management

Mentorship & Knowledge Transfer Plan:

5. Financial & Tax Planning

Business Valuation Approach

Asset-Based Valuation (equipment, inventory, receivables)

Income-Based Valuation (earnings multiple, DCF)

Market-Based Valuation (comparable sales)

Estimated Current Business Value:

Most Recent Professional Appraisal Date:

Transfer & Financing Structure

Outright Sale

Installment Sale

Gifting Strategy

Family Limited Partnership

Employee Stock Ownership Plan (ESOP)

Management Buyout

Seller Financing Acceptable:

Maximum Seller Financing %:

🔗 Alliance Integration: Tax Optimization Services

Connect with Alliance tax specialists experienced in contractor business transfers. Access tools for tax planning scenarios, Section 1202 QSBS analysis, and estate tax minimization strategies.

6. Legal Structure Considerations

Current Legal Documents Status

Document Type	Exists	Last Updated	Needs Revision	Priority
Buy-Sell Agreement
Operating Agreement/Bylaws
Employment Agreements
Non-Compete Agreements
Estate Planning Documents

Optimal Structure Analysis

Reasons for Potential Entity Structure Change:

Current Legal Counsel:

Experience with Business Transfers:

7. Risk Management & Contingency Planning

Current Insurance Coverage

Insurance Type	Coverage Amount	Current Premium	Adequacy	Review Needed
Key Person Life Insurance
Buy-Sell Funding Insurance
Disability Insurance
General Liability/Errors & Omissions

Emergency Succession Scenarios

Sudden death of key owner/leader

Long-term disability of key owner/leader

Family dispute requiring immediate resolution

Severe economic downturn affecting business value

Departure of key employees/managers

Contingency Plan for Emergency Succession:

Key Person Dependencies (High Risk):

Mitigation Strategies Needed:

8. Alliance Integration & Next Steps

🔗 Recommended Alliance Services for Your Succession Plan

Business Valuation Network: Connect with certified appraisers specializing in contractor businesses for accurate, defensible valuations using industry-specific methodologies.

Tax Optimization Platform: Access advanced tax planning tools and strategies specifically designed for contractor business transfers, including Section 1202 analysis and estate tax planning.

Legal Network: Connect with attorneys experienced in contractor business transitions, buy-sell agreements, and family business structures.

Succession Planning Software: Utilize Alliance proprietary tools for timeline management, milestone tracking, and scenario modeling.

Immediate Action Items Priority Matrix

Action Item	Priority	Timeline	Alliance Resource	Status
Business Valuation
Legal Document Review
Tax Planning Analysis
Successor Development Plan
Insurance Review

Additional Comments & Special Considerations:

Preferred Alliance Contact Method:

Urgency Level:

Authorization & Signatures

By signing below, I/we authorize Alliance for Contractors to review this succession planning information and connect me/us with appropriate professional resources within the Alliance network. I/we understand that this form is confidential and will be used solely for succession planning purposes.

Primary Business Owner:

Date: _______________

Print Name: ___________________________________ Title: ___________________

Co-Owner/Spouse (if applicable):

Date: _______________

Print Name: ___________________________________ Title: ___________________

Alliance Representative:

Date: _______________

Print Name: ___________________________________ Title: ___________________

Alliance for Contractors - Business Succession Planning Services

This form is part of the comprehensive Alliance ecosystem providing specialized business transition services for contractor families and dynasties.

For questions or assistance, contact your Alliance representative or visit our succession planning resource center.