Business succession planning is key in Connecticut

Few issues loom larger than succession planning for small and family-owned businesses. Passing a business on to younger generations is notoriously difficult without proper planning. It can take years of meticulous preparation and leadership training and must often be updated. Too often small business owners delay creating a succession plan or rely on outdated agreements with partners. Not only does this make a business transition more difficult, it can harm the owner’s estate beneficiaries or devalue the assets of a Continue Reading