Business Exit planning steps? Question General insharazzak 1 month 2023-02-16T07:34:04+00:00 2023-02-16T07:34:04+00:00 0 Answer 0
Answer ( 1 )
Business Exit planning involves creating a plan for a business owner to exit their business, whether by selling, passing it down, or closing it. Key steps include starting early, defining goals, identifying potential successors, building a team of advisors, valuing the business, addressing weaknesses, developing a transition plan, reviewing the estate plan, and implementing and monitoring the plan. A successful transition requires careful planning and guidance from professionals.