Business Succession Planning

For many business owners, maintaining positive cash flow and a stable balance sheet can be an ongoing battle that consumes virtually all of their time. Even retirement often seems like a distant speck on the horizon, let alone plans to hand over the business. Establishing a sound business succession plan requires a series of logistical and financial decisions about who will take over your business upon retirement, death, or disability.Jeff Powell and Jeremy Witbeck of Polaris Wealth and Eric Johnson, C.E.O. of Dynamic Strategies Limited, discuss broad range of topics that business owners need to consider in order to facilitate an orderly transitionof management and ownership.