A Dealer Guide to Business Succession Planning aims to assist dealers wishing to retire or otherwise transition a business. It takes a look at the challenges and complexities of succession planning, and recommends a holistic approach that encompasses all five elements of business succession planning:
business financial planning, personal financial planning, management succession planning, estate planning and ownership transition planning.
The guide explains each of the five elements, and details the documents and people associated with each. Finally, it includes a questionnaire dealers can use to select a team of professional service providers, and an alphabetical listing of entities and
trust terms and definitions that may be applicable in the succession planning process.
Tags: Driven Management Guide, BM43, succession planning, strategy, transfer ownership, sell dealership, management succession, estate planning, ownership transition, financial planning, trusts, insurance, investment, key people, valuation, #MemberBenefits, #DrivenGuides