Whether you are looking to retire, sell, or transition your company, a succession plan will provide a strategic map for a smooth transition. Succession plans tell your employees what will happen next. They involve everyone in the company and outline who will be responsible for specific tasks or areas of responsibility when you leave, how those responsibilities will change over time, and who will take over after you leave. This helps ensure that new owners or managers are able to keep things running smoothly without making drastic changes that could harm the longevity of the company.
Every business needs a succession plan. Whatever your situation, there’s a lot that goes into a smooth transition – and a professional accountant can help with all of it.
Learn more and plan for the future with our succession planning services.