Succession planning is not simple, but as the CEO/Manager/President of your business, you have a lot depending on you–your family, your employees, and your customers or clients. Proper succession planning depends on how your business is set up. Operating agreements may prohibit allocating your ownership interest to an heir without a right of first refusal. Insurance may cover your family's expenses, but who will manage day to day operations?
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Legally Sound | Smart Business covers the top business stories with a legal twist. Hosted by attorneys Nasir N. Pasha and Matt Staub of Pasha Law, Legally Sound | Smart Business is a podcast geared towards small business owners.