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What’s a Succession Plan & Do I Need One?

What’s a Succession Plan & Do I Need One?

 

Are you prepared for the worst-case scenario? It’s not something any of us like to think about, yet us business owners die and get sick too. We may also end up having to sell our business. Having a succession plan in place makes it nice and clear who gets what and what they must do. Writing one isn’t that hard and involves mostly two actions: transfer of assets and transfer of control. Let’s walk it through …

What is a Succession Plan?

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