Succession planning is fraught with potential missteps. By examining common mistakes, businesses can employ proactive measures to sidestep pitfalls that have ensnared others. Delaying the Planning: ...

A business succession plan starts with exploring your options and learning who might be interested in taking over.

Succession planning encompasses a broad spectrum of activities, from identifying potential successors to transferring control of day-to-day operations and aligning the transition with the strategic ...

Retirement plan advisers are constantly thinking about their clients’ futures—but it’s becoming equally important for them to ...

For restaurant owners, business succession planning is crucial to ensuring a smooth transition of ownership while protecting the legacy of ...

Years ago, the owner of a small insurance firm that was about to change hands came to the law office where Jere Doyle was practicing at the time. The business owner "had the terms written down on a ...

Agricultural succession planning is essential for ensuring the next generation can successfully manage the family farm.

Business owners who can see a golf course in Florida on the horizon can learn how to keep the company going after their retirement. Centier Bank's Wealth Management department will host a free seminar ...

Developing a personal estate plan is difficult enough, but when you own a business, the difficulty level can go nearly off the scale. Not only do you have to consider how to pass on or dispose of your ...

“From a legal standpoint, a strong succession plan involves more than just identifying successors, it requires formal documentation to assist in making enforceable and efficient transitions that align ...

Building a thriving advisory firm is a significant accomplishment, but what happens to the business, and your clients, when you're ready to move on? A comprehensive succession plan can help answer ...

More than half of businesses lack a formal leadership succession plan, exposing them to operational and financial losses, a ...