THE KEY TO SUCCESSION: A GOOD TEAM

When a company owner decides to pass the business on, he needs to assemble a team of professionals to guide him through the process.The team should be composed of an attorney, an accountant or valuation expert, business advisers and insurance salespeople. Some trade groups even recommend that a family counselor also be on hand because of the multitude of emotional issues involved, according to estate

When a company owner decides to pass the business on, he needs to assemble a team of professionals to guide him through the process.

The team should be composed of an attorney, an accountant or valuation expert, business advisers and insurance salespeople. Some trade groups even recommend that a family counselor also be on hand because of the multitude of emotional issues involved, according to estate planning experts contacted by SN.

Integral to the entire process is cooperat

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