Busting the four myths of business transition planning Key points Planning for business transition doesn’t mean giving up control of your company. Transition planning isn’t a distraction, it’s another component of protecting and strengthening the legacy you’ve built. As a business owner, you owe it to yourself, your family, employees, and customers to plan ahead.
Learn about the benefits of a buy-sell agreement. A buy-sell agreement is an invaluable tool to help preserve a business’ long-term viability. It helps to ensure that each departing owner receives a fair price for his interest, and establishes a funding source for the purchase of each departing owner’s interest. The agreement should be treated