Plan your endgame

Explore what’s involved in creating a succession plan for your business.


Consider:
  • Who will take over your business some day? Members of your family; a partner or key manager; an outside entity?
  • How do you want to transfer the business? As a gift to family members, sell it, or some other strategy?
  • Do you want a future role in the business or any ongoing benefits?
  • There are a variety of transition or exit strategies you might consider. As you compare them, it’s crucial to consult with your legal and tax advisors.
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