Succession Planning

Succession Planning. Do you have a plan? Joe Ranni, Esq. of Ranni Law Firm PLLC answers this and many questions including: What is succession planning? What is the best way to implement succession planning? How are partners affected? Are children first in line? What happens if there’s a death of a partnership? Does spouse or children take over? Are there any disadvantages to succession planning? Does the board have a vote? What if it’s a small business? What if there is no partnership agreement? Can you just walk away from the business and not pass it on? When is it the best time to create a succession plan? Do you need an attorney?

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