https://www.law.com/2024/05/23/what-every-lawyers-client-needs-to-know-about-succession-planning/
BEST PRACTICES
A solid succession plan often results in a higher valuation if selling, and a successful transition when passing the reins to younger employees, family, or establishing an ESOP.
May 23, 2024 at 01:21 PM
7 minute read
By Nanette Miner |
May 23, 2024 at 01:21 PM
What You Need to Know
- I often run into business people who are confused about the differences between succession planning and exit planning.
- Lawyers are in the unique position of being able to guide their clients through the confusion.
- For maximum success, an exit plan will include a succession plan.
“This was a great session; I thought I was going to be listening to a lawyer all day.”
That is a quote from a CEO participant in a small group I was recently speaking to.
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