Developing a Transition Plan for Business Succession, Including Assets, Ownership & Control

Successful entrepreneurs are usually proactive and forward thinking when managing and growing their business. With such a sharp focus on running the business, however, owners often fail to consider and develop a plan for the transition of the business if they die or become disabled. We work closely with business owners to leverage the same skills that make them successful business owners and apply them in planning for the eventual transition of the business, whether as part of a multi-year planned transition process or in the event of a sudden or unanticipated event.

An effective business succession plan requires the owner to identify with and carefully consider the realities of the business and involvement of family members or key employees in the business. Included among the issues an owner is likely to address are:

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