How Succession Planning Benefits Everyone

You may have an exit strategy, but it's your succession plan that will spell out the details of how your company will be led in the future and who will take control of the reins to lead the charge when you're gone. So why do so many business owners wait so long to form their succession plans? The answer may surprise you. On this edition of “Deal Talk,” host Jeff Allen welcomes Peter Brehm, business and tax attorney and owner of the Business Law Center in Bloomington, Minnesota, to discuss the advantages of a clearly laid-out succession plan, what the planning process involves and who benefits. This is a program your family and your company will thank you for tuning into!