You have spent countless hours planning and establishing your business. Creating a structure for transferring a business from one owner to the next is called succession planning. It brings together critical players - the owners, partners, key employees and the advisors. It's also probably the last thing on your mind, especially when you're just starting out. You never know what can happen, but you can be prepared for the unexpected.
Succession planning begins with an examination of operational, financial and personal issues.
At MassMutual, we know how to ensure the smooth transfer of a business to its successors at retirement, death or disability. Contact a sales office near you. All rights reserved.