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Legal Focus

 
15Oct

Preparing Your Business to Transition to a New Future

10/15/2020| Reference Number : 259.103.2| Legal, Insurance/Risk Management | | Return|

It’s always a good time to think about succession planning and long term goals. Now, with the uncertainty that 2020 has brought, it’s as good a time as any to make a plan for your business for the future. In making a plan for your future it is common to for business owners to 1) pass their business on to a reliable family member or 2) sell the business to a key employee or other individual within
the organization or 3) sell to a thirdparty. Below, this article will discuss each of these options.

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