At some point, all owners will be faced with the inevitable question of transition. Early preparation for this stage can be invaluable in the case that you or your family are faced with an unforeseen tragedy. Having a plan can ease the stress and pressure on your loved ones during difficult times, or simply enhance your long-term vision for the family and the business.

In this Unit: Succeeding in Succession, we will explore some of the most common transition strategies for owners and certain considerations that should be taken into account when planning for this process.