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Planning guide
Business Succession Planning: Protecting the Legacy You Have Built
A business succession plan prepares for transition while there is time to make thoughtful choices.
A transition plan protects more than ownership
A clear plan can address who has authority, how ownership changes hands, and how the business keeps moving during a planned or unexpected transition.
Consider the people involved
Family members, co-owners, key employees, and future buyers may each have different needs. The right plan brings those questions into the open early.
Coordinate business and personal planning
A succession plan should not sit apart from an owner’s estate plan. Both affect the value and continuity of what has been built.