Business Transition Planning
The Business Transition Planning module is designed to guide you through the process of transferring the ownership and management functions of your business. This module follows the seven core steps of the Wealth Stewards Strategic Direction:
Core Concepts of Business Transition Planning
Business Transition Planning is simply determining the proper and most financially sound way of transferring the ownership and management roles of your business. Business failure, an unforeseen event such as a death of a business partner, and future financial security for both you and your heirs are all key reasons why one should consider advanced planning. Your Business Transition Plan should line up with your Retirement and Wealth Transition Plans as they all bring forth important pieces to put your financial house in order.
Topics Covered in this Module Include:
- The Business and Family Succession
- Your Business and Your Retirement
- Your Business and Taxes
- Your Business and Unforeseen Events
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