Succession Planning 101 - Episode 59

SK Wealth's Solutions & Knowledge podcast

You've given your all to your thriving business. Now it’s time to plan for its future and yours. Succession planning is vital to safeguarding your company's legacy after you retire. In this episode, Mac and Jason discuss the essentials of succession planning, like choosing and training a successor, and how to make the transition as smooth as possible for everyone. Learn about the risks of not planning, especially for family-owned businesses. We offer practical tips on identifying successors, balancing stakeholder interests, and addressing legal and tax concerns. Tune in for expert insights on and don’t forget to click that subscribe button because we’ll be talking about succession planning all month!

Resources mentioned in this episode:

• Episode 56 – Transferring Business Ownership to a Family Member

• Business Smart Toolkit