Managing Director Lee Boss presented a NJBIA Webinar on Practical Considerations About Succession Planning on Thursday, January 18, 2018, where he discussed methods of transferring ownership of your company and how to maximize long-term value. To watch the webinar, click here.
As a business owner, planning for the future is a given. You know it must happen – yet because you are caught up in the day-to-day, coming up with a viable and sustainable succession plan often gets delayed or is developed as a reaction to an unexpected event. When you embark on your business succession planning journey, you will encounter myriad choices along the way about which direction to take to best harvest your capital – whether that’s selling to a third party, key employees or to family members.