"Succession Planning" Posts

The average business owner spends approximately 10 hours per day, six days per week to get their business to the point where it can provide a measure of security and comfort for their family. At some point, the control of this business will be transferred, and often times to a family member.

It goes without saying that an untimely, unplanned departure of a business owner can be devastating for the company and, even more so, for the owner’s surviving family members. A plan for succession that anticipates timely and untimely triggering events can compensate for that loss, and the business …