Every business owner should have a succession plan, no matter how small the company or whether the company will be left to family members. Many family-owned businesses fall apart after the business owner steps away or passes away because there is a lack of planning—making the transition period difficult for any successor.
For this reason, it is critical that, as a business owner, you start preparing a succession plan to make sure your family will be left with a successful business after you leave. Don’t put it off any longer—here are some tips to start your succession planning:
For help with your business succession planning in Texas, call a skilled Austin business lawyer at the Posey Law Firm toll-free at 888-269-1962 or locally at 512-646-0828 to schedule a consultation.