Succession Planning: 6 Steps for Business Succession Planning
Content Entity-Purchase Agreements Identify Potential Candidates Download Succession Planning Template Failing to update the succession plan regularly A properly constructed succession plan acts like a will for your business, ensuring the best interests of the business are carried out. Business succession insurance isn’t available, but you can use life insurance to provide benefits to co-owners of a business. For example, a partnership How To Create A Business Succession Plan or the partners can buy a life insurance policy on other partners . If a partner dies, the policy pays death…
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