Mr. and Mrs. Jones had operated their business for 25 years. None of the owners’ children were involved in the business nor had an interest in buying the business.
Andina was engaged to help navigate the decision making process and complexities of transitioning the business. At engagement the owners had decided to retain business ownership long term. After the Andina process helped them understand the complexities of multi-generational ownership the owners decided to explore a sale to a third party.
Over an 18-month period the owners prepared for their exit. Each family had their own objectives related to asset transfer, charitable giving and retirement lifestyle, and in each case millions of dollars in estate and income taxes were saved. Each family's goals were met and have been maintained over many years.