Becoming a business owner, like becoming a homeowner, is a big part of making the most of the American Dream. While owning a business presents a great deal of opportunity, it also presents a unique set of challenges. One challenge in particular that too often goes overlooked by business owners is that of succession planning.
With a solid succession plan in place, you can feel confident knowing that at the time of retirement, disability or death, both you (the owner) and the business are protected. Learn how to easily overcome the key hurdles in the succession planning process to: identify your successor, navigate potential conflict, structure a buy-sell agreement, and integrate the steps of succession planning and estate planning more seamlessly. In the end, you, your family and your closely held business will all benefit enormously.