Succession Planning
Your professional development network for financial and business training


Succession Planning 


When owner/managers begin to think about retirement, it is necessary for a wide array of business and personal issues to be considered. The succession planning could take the form of a third party sale, a buy-in by a family member, or a reorganization to facilitate the transfer of the business to other family members. In addition to business considerations, the tax impact of the various business options will need to be carefully considered. Often, tax issues will drive the ultimate business succession plan.

Part 1: Using a family trust (Published January 2004)

Part 2: The next generation (Published February 2004)

Part 3: Sale of the business to a third party (Published March 2004)