When is the Right Time to Start Business Succession Planning? | #RichLifeLawyer Show 79
In you own a business and are wondering when the right time to start business succession planning the answer is NOW!
There are several components you should have in place before you even start your business, including a buy-sell agreement and contingency plan for someone to run your business if you are unable to.
But there so much more to think about.
Funding an exit.
Grooming the next generation to take over and succeed with the business.
It may seem like a lot of work but this type of planning is both necessary and rewarding once you get into it and start doing it.
So don’t wait, start today!
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Christopher Small knows how to help people get rich and live forever. He is more than just an estate planning lawyer. He wants to help you create legacy.
That’s what The #RichLifeLawyer Show is all about. It’s his way of providing awesome value for free. The goal of this show is to give you life hacks that will help you build wealth, create generational wealth, and protect your family.
You’ll find information here on estate planning, financial planning, productivity, finance, self-improvement, family protection, tax avoidance, and anything else Christopher thinks will help improve your quality of life (and after-life).
Christopher is a Bellevue estate planning lawyer with CMS Law Firm LLC. He is a speaker, a blogger, a husband, a father, a golfer, and really good at helping people create the life of their dreams.