You’ve worked hard to get your business where it is today and you’re probably too absorbed in the business to start planning for problems like succession, but we want to encourage you NOT to wait. Here at 5G Benefits, we will work with you to decide how to handle the tough questions that will occur during a succession.
Reasons to start planning for succession:
Risk of paying higher taxes
The longer you wait the greater the risk
The longer you delay, the fewer options you have
By planning ahead the business owner retains control