Fraser Stryker partner Adam Grieser was featured in an article in the Business Succession and Transitions section of last week’s Midlands Business Journal. In the article “Pandemic underscores importance of planning for future with tax opportunities” by Michelle Leach, Mr. Grieser discussed the why it’s estimated that half of all business owner exits are forced. “The daily lives of most business owners are mostly tied up with the running of their businesses, and that fact alone can make it difficult to find time to plan for their future.” said Grieser, who said many business owners reach out to him after they have witnessed a friend go through problems with their business. “We all want to pretend that we are in control, and we avoid thinking about the potential problems down the road. So, it takes a real-world example to help us see the benefit that can come from planning ahead.”
Mr. Grieser described the COVID-19 pandemic as a “wake-up call” for businesses, exposing the impact of potential problems. “Even for businesses that seem to be thriving, something as unforeseen as this pandemic can come along and totally knock the company back,” said Grieser. “…it underscores the importance of planning, even when a business seems to be successful and at its peak.”
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Adam Grieser focuses his practice on business succession planning, estate planning, and trust and estate administration, assisting a variety of clients with all phases of planning. Mr. Grieser understands that his clients are often facing frustrating situations, so he focuses on developing solutions rather than highlighting problems. Mr. Grieser encourages a team-based approach to assisting clients, working with his clients’ accountants, financial advisors, and other professionals to develop strategies that will best meet the needs of his clients.