Business Succession Planning

Owning a business allows you to build a valuable asset. In addition to the accumulated value of your business, it may also provide you and your family with essential and useful income.
However, owning a business comes with its share of concerns.

Have you considered what would happen to the value of your business and the income it generates for you and your family if something were to happen to you or key employees? Without advanced planning, a small business may be forced to liquidate upon the death or disability of an owner or others critical to the business. In the alternative, the company may undergo a forced sale at a diminished value.