Business Succession Planning is a process designed to assist the business owner(s) transitioning out of the business at time of retirement. The goal is to transfer ownership while maximizing the business owner’s personal financial security.
Who's this for?
Key Issues
Who's this for?
Established Business Owners or Key Persons looking to retire in 5-10 years
Established Sole-Proprietors looking to retire in 5-10 years
Key Issues
The value of the business can potentially represent a substantial source of income in retirement. Proper succession planning can help minimize the risk to retirement lifestyle.
If the hope is to have the business continued by one or more family members, then there will likely be a need to coordinate your business plan with estate planning and explore any tax deferral opportunities.
Advanced succession planning can ensure that you maximize the value of your business in retirement.
