There are, according to Sam Kreamer of the Kreamer Law Firm, only three things you can do with your business: (a) you can run it forever (which no one has ever done - the "live forever plan" has turned out to be unsuccessful); (b) you can close it (which no one wants to do); or (c) someone else can own and run it after you no longer are able or after you no longer wish to do so. Here Sam lays our the process of Succession Planning. Remember, it's not an event but a process.
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- December 5, 2017