Business Succession Planning
San Antonio Business Succession Planning
You may have asked yourself:
How can I hand my business down to the next generation successfully?
What happens if my business partner dies? What happens if my business partner gets a divorce?
Or, what if I die or get a divorce?? …. what happens to my business?
A business succession plan can help resolve these questions in advance.
Think of a business succession plan as somewhere between a prenup and and estate plan for your business – both highly important documents for individuals – and the equivalent is equally as important for protecting your business.
Some of the biggest hurdles facing business owners as they think through a business succession plan include liquidity, valuation, and control. There isn’t necessarily a one-size-fits all approach, and I can help you think through these issues (among others).