Business Transition
As a business owner, you not only have to plan for the current success of your company, but also the transition of your company and its continued success, all the while ensuring your retirement goals are met.
Business Transition
Establishing a business and making it a success is not easy. Transitioning out of that business can be even harder. Have you taken a moment to consider the legacy of your company when you decide to retire or move on to a new venture? Think about the following:
• Do you know who will take over your business when you retire?
• Have the necessary documents, agreements and plans been put in place to ensure a smooth transition?
• Will the income provided from the sale of your company be sufficient to meet your retirement needs?
If you’re unsure of the answers to these questions, you’re not alone. Business transition planning determines how to smoothly transfer the ownership of your business while maximizing your personal financial security, minimizing taxes and protecting your retirement assets.
