Business View Magazine - Dec 2023

PRAIRIE CAPITAL ADVISORS THE ROADMAP THCREATION T he realm of ownership transition is an intricate and evolving landscape. So, to play the role of advisor to a company preparing for such a transition, an advisor must intimately understand the specific challenges involved with each transition structure. Each type of exit strategy comes with a unique maze of financial complexities, workforce implications, and cultural shifts that each demand resilience, expertise, and vision. For some of these transition strategies, business valuations, tax considerations, and ensuring equitable distributions are paramount. For others, it may also involve a rigorous legal and regulatory framework that necessitates a profound understanding of compliance. In the case of ESOP transitions, success is largely measured by balancing key seller considerations and a company’s ability to engage and empower its employees to foster a culture of shared ownership. Diverse ownership transition strategies unlock a path to prosperity and a thriving workforce at Prairie Capital Advisors 164 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 12