Succession plans generally include reviewing your business’s existing contracts. Some agreements may stay with your business and transfer to its new owner. As noted by SmartAsset.com, when selling a business, the sale agreement could also specify which liabilities a...
Month: January 2022
What makes a reliable succession plan?
Succession planning can help you strategize and envision the sustainability of your business. In unprecedented circumstances, having a plan in place can provide resounding guidance for those who may need to step up and carry the company. Developing a reliable plan...
How can you choose a successor for your business?
Succession planning is the process of choosing a successor to run your business after you retire. It ensures that the business you worked so hard to grow and develop will remain in good hands after you move on to the next phase in your life. Because there is so much...
