Tag · 2 stories
#How To Succession Plan
Advice ◆
Succession planning isn’t negotiable in partnerships
There are benefits to running your business in partnership with a friend or family member, this could mean it was established with only the bare minimum of documents. Though this may not currently present an issue, it can cause succession headaches later.
Chris Balalovski · 2 min
Advice ◆
Should sole traders be thinking about succession?
When you’ve worked hard to build your business, you want to ensure that when the time comes to transition out of it, it’s passed on in the way you’d like. For sole traders, the greatest succession threat that must be managed is key man risk. Here’s how to do it.
Chris Balalovski · 2 min