By putting hard work and dedication, you have set up a successful business that has been growing over the years. You have built good relationships with the clients and your customers. Over the years, you have expanded and hired numerous employees who work diligently so that your company can provide the services and products on time. But have you ever thought of what would happen to your business if something happens to you? It doesn’t have to be as severe as death but if you decide to retire, have you thought who would inherit your business and assets? If not, then now is the time for you to focus on succession planning for business owners and decide legally who takes over the business in your absence. To create a perfect business succession plan, you must identify the individual or entity who would take over the business. Now there are five different ways in which you may transfer the ownership:
About Business Growth Stratagem: Business Growth Stratagem is one of the leading small business consultants Auckland. For more information, visit https://stratagem.co.nz/ Original Reference: https://bit.ly/2Vvgzb5
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