Description

• This class provides an overview of succession planning, its importance, and some tips on increasing your business’ value well before you sell your business and retire. After completing this training, you will be able to: • Explain how to change the ownership of a business through selling, closing, or transferring the business to successors. • Some factors to consider on passing on a business within a family • Explain how to establish an exit strategy for retirement which includes a succession plan, transferring ownership of the business, and paying taxes