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How To Create A Proper Succession Plan For Your Small Business

[ 0 ] Dec. 19, 2013 | SBO Editor

choosing a successor for your small business

You need to consider a plan for your business’ future. Prepare for the worst — the chance that you’ll suffer a serious injury — by designating and training an appropriate successor for your business, attorney Jack Garson says. And take into account the many other consequences by preparing contingency plans for taxes, loan obligations and other financial matters. Finally, protect your family with proper estate planning and protect yourself by preparing for the possibility that you might be incapacitated at some point.

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Category: Features