Multi Modes of Business Succession Plans

Posted by Winifred "Wini" Cannon | Sep 16, 2020 | 0 Comments

Business succession plans work whether you're a sole owner or you're in a partnership, a limited liability company, a large corporation, or a small corporation.

The key part of the business succession plan is to make sure that you are taking steps to replace key people during the life of your business. This is particularly important if you want your business to perpetuate itself. It doesn't matter whether it's one person or a thousand. A business succession plan is critical.

About the Author

Winifred "Wini" Cannon

Winifred “Wini” Cannon knows how business owners may be impacted when retirement, incapacity, or death occurs without a good plan in place. One example that is very common is in the instance where one partner dies leaving the other trying to stay in business complicated by the...

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