Baker Tilly : Succession planning research launched

By Rob Starr, Content Manager, Big4.com

Baker Tilly International, the world’s eighth largest network of independent accounting and business advisory firms, today announced that it has launched a global research project on succession planning and is inviting owners of privately-held and family businesses to participate via an online succession survey.

Business owners who would like to take part in the research can access the succession survey, which should take around 15 minutes to complete.

Those completing the survey will receive a copy of Succession Planning, a Baker Tilly International guide for closely held and family businesses. They will also receive, early this year, a copy of the report based on the survey findings, supplemented by high-level analysis and commentary, which will provide valuable insight into the succession planning challenges in the United States and allow global comparisons.

The closing date for submissions is February 28.

“Succession planning is a key issue for businesses in the United States of America and around the world; in the next decade an unprecedented number of owners will retire, leading to a massive shift in wealth, ownership and control,” said Geoff Barnes, CEO & President at Baker Tilly International.

“Such is the scale of impending succession that the way in which the ownership of these businesses is transferred will determine not just the wealth of the individual and family involved, but the future prosperity of the economies in which they operate.