Succession Planning for Your Business

For many business owners, their tax accountant has been with them for years, and therefore understands the business, along with some aspects of the industry, key employee roles, and family dynamics at play. In addition, a tax accountant who is viewed as a trusted advisor is in a key position to help a family-owned enterprise think through some of the most pertinent questions when it comes to succession planning. This article explores six ways that a tax accountant can assist in developing a comprehensive succession plan that helps business owners achieve their transition goals while avoiding costly missteps.