Need help planning your business's move into the next
generation?
To ensure your business survives into your successor's
hands, the state of New York has created Ownership Transition
Services (OTS) to help. OTS, a program of Empire State Development,
the state's economic development agency, will assist
entrepreneurs with succession planning by explaining all the
available options, including mergers and acquisitions, estate
planning, valuation, employee stock-option plans and more.
The process will start with a pre-screening interview to
determine your company's needs, followed by a meeting with a
consultant who will help determine your best path. These two
sessions are free, but if you decide to have OTS create a written
succession plan, the cost is $500.
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The program is available to all businesses in New York. To find
the OTS office nearest you, call (212)803-2401.
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