Category Archives: Business Succession Planning
Four Bad Things that Might Happen If You Fail to Set Up a Business Succession Plan
Every business in New Jersey and New York should have a comprehensive succession plan in place. Without a business succession plan, ownership disputes can erupt and threaten the stability of your company. Further, key employees may leave due to uncertainty, there may be operational disruptions, and, worse yet, heirs/co-owners might clash over control of… Read More »
Four Common Mistakes to Avoid When Setting Up a Business Succession Plan in New Jersey
Small businesses help to form the foundation of the economy. The New Jersey Department of State cites data showing that there are more than 950,000 active small businesses in our state. As a small business owner, you need to be prepared for whatever challenges might arise. Among other things, this means setting a comprehensive… Read More »