Succession Planning’s focus is on a family or related party
transfer of a business interest. Specifically, the leadership
of the company changes, usually to another family member. Leaving
the family business to the next generation is a popular and powerful
tool to ensure your legacy lives on and your children can maintain,
or preferably, enhance the value of the business. Management buyouts
are also considered a part of succession planning.
Business owners considering succession planning
can also benefit from the counsel of a Certified Exit Planning
Provider.
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