In my role as a lawyer, I help business owners transition their
businesses to new owners so they can move on to the next stage in
their lives. In this report, I will summarize some of the options
for business owners who are looking at business succession.
A typical business owner will have worked for twenty, thirty or
forty years building a business that now has substantial value.
Family may or may not be involved in the business. As a business
owner, you have built a significant asset, having provided
employment for many people and provided a service or product the
community needs. One would think that such a leader would take the
leadership role in business succession planning. Unfortunately, the
typical case is that there is no planning, a crisis occurs and the
business is put at risk.
