When considering business transition, a plan is key in ensuring you get a good price for your business, finding a good buyer (if selling), and completing a smooth transition to the new owner. A business transition plan has many benefits, regardless of the size of your business and what stage of the business cycle it’s in. An effective succession plan will help you:

• Arrange for the tax-effective transfer of your company’s ownership and management
• Maximize the value of your business before transition
• Structure a retirement income that meets your needs and maximize your financial security
• Protect against unforeseen events, including death and disability
• Accomplish the smooth transfer of your business