Connecticut Estate Planning Attorneys Blog
Building and growing an independent family business is an accomplishment to be proud of. It takes an enormous amount of passion, ingenuity, and downright grit. Preserving and protecting your business also requires some effort, but it’s a task many business owners overlook or put off.
Business succession planning, like any kind of estate planning, is something that should be addressed with the help of a professional well in advance of the actual event.
Unfortunately, many family business owners miss that window of opportunity and find themselves without a succession plan. And, it’s not hard to understand why. It’s a complex and time-consuming process that involves addressing hard realities and tough questions. But, it’s also a task that’s well worth the investment of time and money in the long run.
