Succession Planning: Choosing your Successor

Choosing a successor for your business can sometimes be difficult. Often the dream is to pass the business to a family member, but those family members may have other plans for their life. In this video, Long Island CPA and Partner Tom Terry shares what to do when your family chooses a path outside the family business, identifying a successor to carry on your legacy, at what point to consider a merger or acquisition for your business and when to begin your business succession planningto optimize the value of your company.

Get 5 tips for successful ownership transfer of your business.

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