Cottage Succession Planning
Dan assisted my family with our cottage planning needs. We were experiencing many issues with developing a plan that protected our cottage in the future for our children. Dan was easy to work with and took very complicated issues and made them easy to understand. I highly recommend Dan to any family in need of cottage planning services.
Thank you,
Kathy A.
Cottage Planning
Dan worked with us in our cottage succession planning this past season. We assumed this was going to be a daunting and difficult task but Dan make the process clear and understandable right from the beginning. He was thorough, patient and willing to listen to our situation and desires and to personalize the plan to meet our specific goals. Dan guided us with intentional and timely schedules and was always responsive to communication and questions we may have had. We would highly recommend his services to any family who are hoping to safely ensure their family cottage for future generations.
Thank you,
Carolann S.
Business Consulting
I have known Dan for a number of years, both personally and professionally. Over the years, I have had numerous occasions to interact with him and he has always worked hard to put my interests first. His knowledge and work ethic is of the highest, and I have always been comfortable with his solutions to various problems and situations. Going forward, I will continue to rely on Dan to help with problem solving and sound recommendations.
Karl L.
Cowley's Irish Pub, Old Town Inn, Inc.
”Our company is over 50 years old, family owned and is now in its second generation of ownership. Dan Penning has worked with our family for almost 20 years as an advisor for our general business operations.
He also developed and implemented a succession of ownership plan between our parents to myself and siblings as second generation owners. Like in any family, ours has its own unique challenges that Dan had to assess and solve in order to keep our family and the business moving forward.
Dan has also assisted us on numerous occasions in negotiating refinancing packages and was a valuable resource in those situations.
He has the ability to think outside the box while developing practical solutions to complex problems that has served our business and family well. ”
Greg Cowley
Cowley's Irish Pub, Old Town Inn, Inc.
Farmington, Michigan
Tim Belanger - Aims Group
Our company is now in its third generation of ownership. The evolution of our company's ownership has been between a mix of family and non-family owners in each generation of ownership. Given the owners' relationships and the complexities of legal structure of our business entities, our business planning and succession of ownership presented unique challenges.
Dan Penning has been a trusted advisor to our business and its individual owners for over 20 years. Dan solved numerous problems and created a practical and smooth transition of ownership from the founding owners on two separate occasions through our current ownership.
We highly recommend Dan to any business needing general business advice and succession of ownership planning.”
Tim Belanger, Co-Owner
Aims Group
Livonia, Michigan”
Tim Belanger, Co-Owner
Bob Harding - Clawson Tank Company
Dan Penning has been an advisor to our family and its businesses for almost 25 years. When Dan first started working with our family, our family's business involved eight different operating entities in addition to two family limited partnerships and a general partnership.
During Dan's time of service, the ownership of the operating entities transitioned to myself, a sibling and two cousins as third generation owners. In the last five years, we have implemented a succession plan for exiting the family business by selling the entities to third parties and consolidating various business interests and liquidating other assets.
Dan has provided invaluable advice and counsel on a broad range of matters from general business operations, mediating family disagreements and designing and implementing succession plans for our family.
Dan continues to provide our remaining business and family members with assistance as we collectively continue to divest our business interests.
We highly recommend Dan to any business who may be in need of his services.
Robert Harding, Jr.
Clawson Tank Company
Clarkston, Michigan
Richard Bahle - Bahle Enterprises, Inc.
Our family consists of five siblings, all of whom are second generation owners of our family farm, commercial real estate, and various operating business entities transferred from our parents.
Dan Penning has been a trusted business advisor to our family for over 10 years. Dan provided practical advice to us concerning general business matters, as well as assisted our family through various challenges that most families in business face from time to time.
Dan is capable, well respected and a reliable advisor for any family in a family business. Our family highly recommends Dan and his services.
Richard Bahle
Bahle Enterprises, Inc.
Suttons Bay, Michigan
Contact us.
Dan Penning
dan@penninggroup.com
(248) 752-6480
P.O Box 490
Suttons Bay, MI 49682