1. How far in advance should I start planning to pass the business on?
Most people find that it takes at least a couple of years to prepare. Although it is possible to pass a business on at short notice, it can take several years to handle activities such as training your successor effectively. The sooner you can discuss your plans with your advisers, the better.
Sourced through Scoop.it from: www.lawdonut.co.uk
Here are 18 FAQ’s that will enlighten any firm contemplating a family succession exit plan. EGS has many more A’s for your Q’s.