The building blocks of success(ion planning)

Many entrepreneurs and business owners avoid succession planning because they think of it as something that will happen far off in the future, or as an indication of the end of their businesses – or even their lives. Succession planning is less about deciding what to do with the business once you are no longer at the helm, and more about ensuring the business continues to operate smoothly as you transition it to the next stage of its life.

While many entrepreneurs spend their lifetimes building their businesses, they take little to no time creating their succession plans. This can result in missing out on important tax advantages. Here are four ways to safeguard your business for generations to come. Read more.

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