SVA’s Kollauf Authors Article on Succession Planning

SVA Certified Public Accountants professional Richard Kollauf, CPA, CFP®, AEP®, JD has authored an article for In Business Magazine titled “Post-Pandemic Exit Planning: Are You Ready?”.

When the COVID-19 pandemic hit, business owners around the globe paused their exit plan. While the process for a successful transition coming out of a pandemic still encompasses the standard steps, there are some nuances to keep in mind.

  • Exiting post-pandemic requires preparation. Developing goals and objectives will help determine when, how, and to whom the business will transition to.
  • Valuations matter so get an appraisal of the business. A valuation is the basis for the sales price and it is important to create a strategy to bridge the gap between financial goals and business value if necessary.
  • Strategize the transaction and gather a team of advisors with the skill sets necessary to help navigate a successful transaction.

Richard is a Principal at SVA Certified Public Accountants, and has more than 35 years of experience working in financial, accounting, and legal operations. His expertise in the multi-faceted financial environment includes business succession planning, tax, investments, finance, mergers and acquisitions, estate planning, and trust administration. He also has experience in estate planning and distribution for complex operational and investment multi-state businesses. Richard provides income tax consulting services to closely-held and family-owned businesses, as well as high net worth individuals.

Click here to read the entire article.

About SVA Certified Public Accountants

SVA has been serving family-owned and closely-held companies since 1974. As we near our 50th anniversary, SVA is committed to remaining an independent CPA firm investing in our future growth. Our culture of innovation and agility provides the platform for our core goal. Serve. People. Better.

Our team members' expertise spans the areas of business consulting, tax, accounting, and audit in a diverse set of industries. We work towards meeting the strategic vision of each business and the owner's personal financial goals. We’re proud to say that this expertise has made SVA a perennial award winner as one of the nation’s Top 100 Accounting Firms, as well as a recipient of Forbes America’s Best Accounting Firms in 2021.

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