Nobody likes to think about it, but it's inevitable that one day you'll leave your business. Whether you decide to sell up, retire or leave due to health reasons, it's important that you plan for that day. A succession (or exit) plan outlines who will take over your business when you leave.
To ensure the long-term success of your business, it is critical to establish a well-designed succession plan.
A good succession plan will help your business transition smoothly to the new owner. By planning your exit early, you can maximise the value of your business and help it to meet future needs.
Coordinating the transition of your business to your successors can be an arduous process. At Teakle Accounting we have the experience to help you address the complex issues of business continuation.
Contact us for more information on forming a plan that facilitates a structured and well-planned continuation of your business.
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