Why bother?

• A poor management transition plan can have a negative impact on business results, and can even result in business failure.
• The value of your business may represent a significant source of income during your retirement  and risks to this capital should be minimized as you approach retirement.
• Having your business continued by one or more family members requires that you co-ordinate your business plan with your estate.
• Tax deferral opportunities that could benefit you and your other family members are often overlooked.
• An unforeseen event such as the death or disability of you or a business partner can lead to business chaos without proper planning and financial protection.

Business succession planning is woven into the larger issue of ongoing financial security for you and your family.

• Thus you need to examine these other larger issues.