Business Succession

What happens when your business can no longer depend on you?

The goal of succession planning is to ensure that your business goes to the person that you choose.

All businesses need some kind of succession plan to ensure both that the business can continue on seamlessly at the death of one of the owners and that the deceased owner’s family gets the benefit of their fair share in the business. Whether that plan involves the next generation, or a lump sum payout, it is important to plan in advance so that there is no confusion as to how the business will continue on or dissolve.