The Art, Science and Law of Business Succession Planning

Download or read book The Art, Science and Law of Business Succession Planning written by Thomas Cannon and published by . This book was released on 2018-05 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you own a family business, you should be thinking about your succession plan.Whether you plan to sell the business to fund your own retirement or pass it on to your descendants or other key employees, there are questions you need to be asking:* Am I prepared to consider transferring ownership or control of my business during my lifetime?* Have I made sure that the transition will be orderly? * Will my key employees stay with my firm rather than seeking more secure employment? * Is my estate sufficiently diversified so that children who are not active in the business may be treated fairly alongside those receiving an interest in the business? Now is the time to incorporate Business Succession into your retirement and estate planning. The book in your hands provides an ideal starting point.