Utilize this flowchart to discover where you are in the process of succession planning. This chart includes links to in-depth videos about succession planning. For more information about leadership succession, contact ATA Employment Solutions.
When looking at the individuals in your company, their roles will fall into one of four categories: critical, core, supporting or misaligned. Let’s look at each of these in detail to assist you in mapping out responsibilities.
Although more than 30% of family-owned businesses transition successfully to the second generation, just 12% of those businesses are viable for the third generation, and a mere 3% are operating by the fourth generation, according to Family Business Review. This video series explores practical ways to think outside the box when planning the future of your business such as outsourcing employee functions and creating a strategic succession plan.
ATA Employment Solutions
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CENTER POINT BUSINESS SOLUTIONS MERGES WITH ALEXANDER THOMPSON ARNOLD PLLC
Union City, Tenn. — Accounting firm Alexander Thompson Arnold PLLC (ATA) recently announced an acquisition of Center Point Business Solutions. Center Point became a full-service Professional Employer Organization (PEO) known as ATA Employment Solutions (ATAES), effective Jan. 1, 2021.
“We are excited for Center Point to join our Family of Firms,” said ATA managing partner, John Whybrew. “This acquisition will provide a number of additional benefits to both companies and their respective client bases.”
Center Point Business Solutions is a respected source for employment solutions. The company offers services such as human resources management, payroll management, retirement planning, unemployment management, human resources strategy, employee health insurance planning, workers’ compensation, and recruiting and hiring aid. Custom training programs have also become a large piece of their service offering.
“Our company provides a streamlined approach to handling human resources management that takes time away from focusing on your business,” said Al Oliver, owner of Center Point. “We look forward to sharing and expanding our services with this merger.”
About Alexander Thompson Arnold PLLC (ATA)
ATA is a long-term business advisor to its clients and provides other services that are not traditionally associated with accounting. For example, Revolution Partners, ATA’s wealth management entity provides financial planning expertise; ATA Technologies provides trustworthy IT solutions; Sodium Halogen focuses on growth through the design and development of marketing and digital products; Adelsberger Marketing offers video, social media, and digital content for small businesses; and newly added, ATAES, a comprehensive human resource management agency.
ATA has 13 office locations in Tennessee, Kentucky and Mississippi. Recognized as an IPA Top 200 regional accounting firm, it provides a wide array of accounting, auditing, tax and consulting services for clients ranging from small family-owned businesses to publicly traded companies and international corporations. ATA is also an alliance member of BDO USA LLP, a top five global accounting firm, which provides additional resources and expertise for clients.