After spending a lifetime building a successful business, most owners want to ensure that the benefits of their hard work continue to meet their needs after retirement. It’s never too early to start planning to ensure the vision becomes reality. Business succession planning is the process of determining who will run a business when the owner is not able to or not interested in continuing. It addresses the financial, legal, logistical, personal, and other critical considerations, as well as the resources needed to ensure the plan is successful.
Business owners that don’t create succession plans early in their careers often leave their families faced with making difficult decisions. The Alvarez Firm’s blend of business expertise and estate planning helps owners and their families address these issues.