All business owners face the same challenge, who will take over for you to ensure your business continues down a path of future success?

Some business owners make the mistake of largely ignoring succession planning under the assumption that it’s taken care of within their estate plans. Others create a succession plan, but fail to adequately integrate it into their estate plan.

Essentially, succession planning is the careful identification and training of those who will not only take over the day-to-day operations of your company, but also lead it forward to future growth. Your family members and other heirs will likely be affected. But many others will be as well – including your named successor (whether or not a family member), business partners, employees, vendors, and customers.

Berlin Ramos can also offer assistance with career development and mentoring programs that will enhance your strategic and succession planning to retain and attract top talent within your organization. These proactive plans mean that a sudden departure of a leader is a much more manageable event.

These plans also have income and estate tax implications, and involve the distribution of business stock and other assets, debt retirement schedules, life insurance policies, buy-sell agreements between partners and heirs, division of responsibilities among successors, and any other elements that affect your business assets. With Berlin Ramos’s team of advisors, we will work with your current advisors to explain the impact of these options and help you transition the company into the future.

Get to know our management

Meet Steve Kenney

Principal | CPA

Steve Kenney has experience working with a wide variety of clientele, with an emphasis in real estate, restaurants, and professional service organizations. Steve’s expertise includes acting as a business advisor and conducting financial statement audits, reviews, and compilations. He also conducts audits of qualified retirement plans and is proficient with tax planning and preparation for both businesses and individuals. His achievements include being among the top scorers in Virginia on the CPA examination.

Contact Us

Whether you have a specific need or just want to learn more about us, please feel free to drop us a line. If you have an immediate need or want to speak with us, give us a call. Or if you’re in the area, you are always welcome at the office.

11200 Rockville Pike
Suite 400
North Bethesda, MD

P(301) 589.9000
F(301) 589.5464