Planning For Succession (1)

Asset/creditor protection and the valuation of your business requires on-going attention.

By being proactive, say 5-7 years out, you are in a great position to minimize risk and maximize the value of your business.

The First Step

♦ If something happened to you today

• who would run the business?

• what income would you need?

♦ Valuation-how much do you think the business is worth if sold to an:

• outside buyer

• family member

♦ Do you have a Will, power of attorney, shareholders agreement? Read More