You want to protect your company against disruptive, harmful, and nonproductive owners, which may include divorced spouses, competitors, and disgruntled former employees. You also believe that your estate requires protection. The parties—your partners and yourself—enter into a buy-sell agreement with aligned, or at least not sufficiently misaligned, interests, making discussion of the business and valuation […]
Tag: succession planning
CEO Succession Made Easy: Expert Tips for a Smooth Transition
It’s not easy to decide to step down from your position leading a company. But when the time is right and the decision must be made, how do you choose who should lead your business into the future? Here are eight tips to guide the succession transition:
9 Steps to Develop a Business Succession Plan
Does your company have a business succession plan in place? As a business owner, having a plan in place that identifies and trains next-generation leaders helps ensure that your company will remain a viable entity well into the future. Succession plans are needed because they provide a road map for the company to follow in […]
You’re Contemplating a Merger or Acquisition
If you are the owner of a small or midsize business who is looking toward retirement, this could be the time to start thinking about selling your company. Or maybe you’re a family-owned business poised for growth. In either case, avoid the FSBO (for sale by owner) route. Whether you’re looking to buy or sell, […]