SUCCEEDING AT BUSINESS SUCCESSION
www.LSC.cpa | Cultivate Smart Money

SUCCEEDING AT BUSINESS SUCCESSION

Family businesses account for 54% of private sector Gross Domestic Product (GDP), yet 43% of family businesses have no formal succession plan. While those numbers may shock you, it is not surprising that many small business owners are consumed by the myriad responsibilities of running their businesses.

Nevertheless, owners ignore succession preparations at their peril and possibly at the peril of their heirs.

There are a number of reasons for business owners to consider a business succession structure sooner rather than later.

Read more about Succession Planning

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Ph: 513.245.0300

www.LSC.cpa | Cultivate Smart Money
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