by erik@empirical360.com | Dec 20, 2022 | Estate Planning Legal Blogs | Elder Law P.A
In the simplest terms, business succession planning is not about making higher profits or selling the business to the highest bidder. It has everything to do with selecting the right person who is capable of taking over the business and running it well in the future....
by erik@empirical360.com | Dec 16, 2022 | Estate Planning Legal Blogs | Elder Law P.A
The Covid pandemic resulted in the loss of many businesses, culminating in an unprecedented unemployment rate. Without warning, many companies lost a lot of talent and expertise. Today, most businesses are struggling to fill the void left by the loss of staff at every...
by erik@empirical360.com | Dec 13, 2022 | Estate Planning Legal Blogs | Elder Law P.A
Some business owners may think that succession planning is still a long way off. They may believe they can always find a successor for their business if anything happens to them. While this may be true in some cases, not having a succession plan usually leads to...
by erik@empirical360.com | Dec 7, 2022 | Estate Planning Legal Blogs | Elder Law P.A
Business succession management planning is a strategy that many companies employ to transfer the role of leadership to another employee or a group of employees. Succession planning is a proactive endeavor utilized by businesses to streamline the process of selecting...
by erik@empirical360.com | Dec 2, 2022 | Estate Planning Legal Blogs | Elder Law P.A
For business owners who are considering retiring or venturing into another career but still want the business to run as before, one option is to create a business succession plan. When done in the right manner, business succession planning documents can help you...
