If you have multiple children, one of the biggest business succession planning questions to ask is simple: Do you want to leave the business to all of the children equally, or are you going to pick one person to run it? If you do decide that it is best just to leave...
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Business Succession Planning
Your goal for your company is simple: You want to leave it to your children. You want it to remain a family-owned business. You’re not interested in selling it and putting the money into your estate plan. You want the children to keep running it, both because of your...
Life is unpredictable. It doesn't matter how old your company is; you must engage in succession planning. If you don't make plans now, then you could put your Colorado company's longevity at risk. What is business succession planning? Leaders should be...
Business owners often face a bit of a dilemma. They can’t imagine themselves no longer being involved in the company and are reticent to hand the reins to someone else. Still, they want to see their economic legacy continue long into the future, supporting...
Running a business requires an intense focus on the here and now. There are customers to serve and contracts to fulfill. Ensuring these things happen often takes priority.However, there comes a time where you need to think long-term, to the days when you are no longer...
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