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 steps you can take to make the transition from business capital to personal capital when you’re ready to exit your business.
As a business owner, you need to develop a solid business succession plan that defines the role that your company will play in your retirement and estate plans. Whether you plan to pass the business on to your children or sell it outright, each option has unique considerations. Succession plans can be structured any way