When developing a succession plan for your business, you must make many decisions.
Should you sell your business or give it away?
Should you structure your plan to go into effect during your lifetime or at your death?
Should you transfer your ownership interest to family members, co-owners, employees, or an outside party?
The key is to pick the best plan for your circumstances and objectives, and seek help from financial and legal advisors to carry out this plan. Please click the following link for some additional commentary on the topic Business Succession Planning.