Here are the Top 4 Legal Considerations of a Business Succession Plan
The time for a succession plan is not when something happens to affect your business. The time to plan is before anything happens.
Imagine finding out that your business partner has suddenly died. The shock and grief alone would be overwhelming. But you also have your company and its employees to consider. Questions start coming up about the company and its future, finances, and ownership. Do you have a plan if tragedy strikes your business?
Business succession planning answers the question, what happens now?