Business Succession Planning: Elements of a Plan
Succession planning does not take place in isolation from the larger issue of your overall financial
security. An effective succession plan will examine all aspects of your financial situation. Discover more
Business Succession Planning: The Process
A business often represents a lifetime of work and vision. Yet, many business owners wanting to exit
ownership barely have a formal succession plan in place. Leaving business succession to chance could
allow someone else to decide what happens to your business, and potentially at significant cost. Planning
early also helps reduce the tax impact of ownership changes. Discover more
Business Succession Planning: Why plan now?
A business often represents a lifetime of work and vision. However, despite almost three-quarters of
business owners wanting to transfer control or exit ownership within the next decade, barely a third have
a formal succession plan in place. Lack of a plan is also the most common reason family businesses fail to
survive first-to-second generation ownership. Discover more
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