Thoughts on Small Business Succession and Sale

Many small to medium-sized businesses face a challenge when it comes time for the company President or CEO to retire, or they wish to pursue other professional opportunities. With family businesses, there can be an added layer of complexity. This post is to outline some of the important considerations.

Background. In the financial planning and investment advisory space, I see and learned about succession in two ways. First, when I make recommendations to clients about retirement and investment decisions when investing in or selling a business…