Think of it as passing the baton...
As a business owner, you are the lifeblood of your organization, the driving force behind its success. Have you considered what will happen to your business when you are ready to retire? Do you have children or other family members ready to continue the family business? Or is there another successor in line who will be able to pick up the reins? If you died prematurely or became disabled, will the business you worked so hard to build be able to continue...and will your family be financially provided for?
- Keeping Your Business in the Family
Things to consider if you want your business to remain within the family.
- Children Heirs: Trouble Spots and Suggestions
Bringing children into the family business is the dream of many business owners...
- Grooming Your Replacement: Six Tips
Whether or not you have a possible successor for your company, you should begin mapping out your retirement strategy today.
- What if Your Business Partner Died Tonight?
What can happen to a business when a co-owner dies.
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|Passing On Your Business|