Business Succession Planning

Business Succession Planning

Business succession planning is one of the most overlooked aspects within small to medium enterprises. Just as proper estate planning ensures the effective transfer of personal assets on death, a proper business succession plan enables the smooth transition of a business on the departure of one (or more) of its principals. A proper business succession plan will address a range of departures, including sale, death, illness, incapacity and relationship breakdown.

What is business succession planning?

Business succession planning is one of the most overlooked aspects within small to medium enterprises.  Just as proper estate planning ensures the effective transfer of personal assets on death, a proper business succession plan enables the smooth transition of a business on the departure of one (or more) of its principals.  A proper business succession plan will address a range of departures, including sale, death, illness, incapacity and relationship breakdown.

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