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Are you up at night saying to yourself:

"What am I going to do with my Business?"

Is there a family member to take over the business?
Are there key employees?
What about selling to a competitor?

The business has sustained your familys lifestyle for many years, now you must plan for the future value of your business and your retirement income. 
About 90 percent of all businesses in the USA are family owned, only 30 percent of family businesses pass onto the second generation.

Developing a Business Transfer Plan for a family owned business can consider several options of selling the business to family members, trusted employees or selling to a third party.  It is best to start your succession transfer plans 5-7 to years in advance  and with annual updates. 

Grooming successors as the future leaders of your business should be planned.
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