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Business Succession: Common Problems Facing Entrepreneurs:

Common Problems Facing Entrepreneurs:

  • No plan for passing the business
  • Control vs. ownership; when to pass control
  • Over-concentration of assets creating liquidity and diversification problems
  • No catastrophe contingency plan to handle the “Red Beer Truck” event to the owner or key management
  • Attracting, retaining and rewarding key executives to build a strong management team
  • Estate tax issues; step up in basis/installment sale; need for liquidity
  • Retirement
  • The role of estate planning in the succession plan
  • Family involvement
  • What role does the spouse play? If the owner is gone, how is the spouse paid?
  • Non-operating children; treating them all equally

How Prepared Are You?
Take this simple test and see how prepared you are to transition your business.

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Revealing Questions for Your Key Management Team.
Get the answers to these 13 cornerstone questions and see if you have the right team to keep your company going strong.

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