Three Steps for Smooth Family Business Succession

Statistically, every day 10,000 Baby Boomers will reach the age of 65, a phenomena that will occur daily until 2029. And, according to the Small Business Administration, half of small business owners are currently over age 50. As a result, waves of small businesses will be sold or transitioned. When you couple these statistics with the emergent megatrend defining the wave of wealth transfer that will occur within the next two decades…it is time to formalize your comprehensive business succession plan.