Jan 30, 2020
Josh & Jay welcome Will Steih, Managing Director or Prime Capital Investment Advisor’s Tennessee office, to the studio for Chapter 1 of 5 in our B.O.S.S. Series, a discussion about Succession Planning. What does a properly structured Succession Plan look like? How does a business owner insure that the business will survive after they retire, either through a generational or key person transfer or an outright sale? Listen in to hear important concepts & solutions to consider!
Key Takeaways
> The best time to consider a Succession Plan is
NOW.
> An unwritten Succession Plan is just a promise.
> Succession Plans need to be written and
funded.
> A well designed Succession Plan is a key element of
having a multi-generational business.
Resources
Prime Capital Investment Advisors
Qualified Plan Advisors
If any of these topics apply to your situation, we can help! Reach out to us at 251-327-2124, or email jnull@gulfcoastfa.com.