 Statistically in the U.S., less than
30% of small businesses keep their doors open into the second generation. A
large cause of this disturbing statistic is the failure in succession planning
by many small businesses. If you are unfamiliar with succession planning for a
small business, a simple way to define it would be to say that succession
planning includes the steps taken by businesses to make sure that they keep
operating when the principal can no longer run the day to day operations.
|
 |
|||||||||||||||||||||||||||||||||||
 
Categoriesaging parentsAnnuity asset management Attorney bankruptcy Business Business law' business taxes business valuation buy sell agreement caregiver charitable annuity Charitable lead trust Charitable Remainder Trust Charity compassion compliance contracts copyright corpoation corporation criminal disability dissolution divorce DIY Legal employment Estate Planning exit strategy Family Business Family Foundation financing foundation fraud guardians Insurance Insurance products intestate leases Legal Zoom Life Insurance Limited liability LLC LLP married minor children no will partnership patent power of attorney real estate regulations retirement Revocable trust Rocket Lawyer sale of business service mark single succession planning tax savings taxes trade secret trademark Trust trust distributions trusted advisor trustee Uniform Gifts to Minors Act vendor Virtual Law Office Wills
|
|
 |
|||||||||||||||||||||||||||||||||
    |
|||||||||||||||||||||||||||||||||||
