Questions demand answers. Where to from here? What is it worth? Who should buy it? What about the family? Who else might there be? What can be done to increase the value? What about tax? How will they pay for it? How do I retire? What about wills? You need the right answers, though. The process of passing control of your business to others is essential for future success and wealth. Succession planning is needed.
People issues are always central, and they should be tackled early. Grant Thornton Taiyo Inc. uses succession planning to ease the transition from one generation to another.