Business Succession Planning
Adequate planning can ensure your business will be preserved as you want it to be. If you have your own business, you may wish to keep the company within your family or sell it, before or after you pass away.
Regardless of which option you choose, careful planning will ensure the business can stay up and running and be protected from significant, unexpected tax liabilities. At a minimum, a business succession plan should address the systematic transfer of the management and ownership of a business. When successful business owners reach a certain age, it becomes imperative that they address the issue of succession planning.