Planning For Succession (1)
Asset/creditor protection and the valuation of your business requires on-going attention.
By being proactive, say 5-7 years out, you are in a great position to minimize risk and maximize the value of your business.
The First Step
♦ If something happened to you today
• who would run the business?
• what income would you need?
♦ Valuation-how much do you think the business is worth if sold to an:
• outside buyer
• family member
♦ Do you have a Will, power of attorney, shareholders agreement? Read More
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