Steps To Get Business Owners Started On Succession Planning
By: Eric A. Manterfield, Esq.
The advisor cannot plan around the entrepreneur’s refusal to face his or her own mortality and to make difficult (and emotional) decisions. Family business owners typically adopt the Scarlet O’Hara approach to succession planning: “I will worry about that tomorrow, for tomorrow is another day.” The key is not to overwhelm your client as an advisor. Start with low hanging fruit, such as a simple update to the client’s estate planning documents and a buy-sell agreement.
To read more about the steps to get business owners started on succession planning, please complete the form below.
Complete the form to get your free guide
I Cut, You Choose: Key Considerations in Drafting Deadlock Provisions
Learn how to help your clients avoid deadlocks in 50/50 partnerships with sound drafting of dispute provisions in buy-sell agreements.Learn More
Top Mistakes In Buy-Sell Agreements
Business and estate planning attorneys should understand these 8 critical mistakes in drafting buy-sell agreements.Learn More