Do you have a succession or exit plan? Most businesses don’t, but it is inevitable that one day you will leave your business. Whether you decide to sell up, retire or need to leave your business due to health reasons, it is important that you plan for that day. A succession or exit plan outlines who will take over your business when you leave.
A good succession plan enables a smooth transition with less likelihood of disruption to business operations. By planning your exit well in advance, you can maximise the value of your business and prepare it to meet future needs.
Contact Distinct Accounting now to discuss your succession planning needs.
