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Business Succession
Planned ownership transitions where the current owner transfers the business to a successor over time. Designed for owners thinking about exit.
For Business OwnersFor Future OwnersFor Professionals
Succession planning is the deliberate, phased transition of a business from the current owner to a chosen successor — often a family member, key employee, or trusted operator. It protects employees, customers, and the legacy the owner has built.
Key points
- Best started 3–10 years before the owner steps back
- Internal successors (family, employees) vs. external successors
- Often blends seller financing, earn-in, and mentorship
- Tax planning matters — installment sales, ESOPs, gifts
- Customer and employee communication plans are critical
Read the full Succession Planning guide
A complete walkthrough with structure, examples, FAQs, and what to watch for.
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