Succession Planning
Preparing to sell your practice
People sell a professional practice for a variety of reasons. Some want to fund their well-earned retirement years. Others want the next generation to continue their legacy of quality service and care. And, a few more people may want to pursue other business opportunities or projects.
Business Succession Planning
Surveys show that almost two-thirds of all small and medium-sized businesses plan to exit their business in the next decade. However, only about one-third of these entrepreneurs have a formal succession plan in place.
