Business Succession Planning Summary
Key Points
- It's never too early to start thinking ahead and create a succession plan to help protect your family and your business
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Early succession planning may put you in a position to:
- Lay out an orderly transition of ownership and management
- Potentially sustain assets to retire or keep the business going
- Help to protect long-term value
- Likely avoid common missteps
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There are four basic steps to the succession planning
process:
- Create a personal balance sheet
- Identify goals and priorities
- Identify challenges in achieving your goals
- Create an ownership succession plan
- Understand the most common succession planning strategies
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Question 1 / 2
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2. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur molestie est a ligula maximus, egestas pulvinar mi lacinia.
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Question 2 / 2
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4. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur molestie est a ligula maximus, egestas pulvinar mi lacinia.
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