The long and short of succession planning

Creating a succession plan may seem overwhelming. But if the past year has taught us anything, it’s that anything can happen. To help get your arms around the concept, you might look at succession planning from one of three perspectives: 1) If you have many years to work with, focus on identifying and mentoring a successor, as well as choosing the best ways to fund your retirement and structure your estate plan, 2) If retirement or another professional opportunity is imminent, you may want to look more at selling the company or even liquidating, 3) Don’t overlook an emergency succession plan; be prepared in case a crisis incapacitates you. Contact us for assistance.