If you decide that the time has come to move on from your business - maybe into another venture or retirement - Selling or closing up your business are not the only options.
Whether you're a sole trader, in a partnership or in a company, a succession plan looks at who can take over once you're gone.
You may want to pass ownership of the business to your children or a business partner. Or you might want to retain some ownership but take a back seat on day-to-day management. Whatever you choose, there's a lot to consider.
The earlier a succession plan is put in place, the more likely it is to run smoothly and be a success.
Speak to Hallam Jones today for expert advice you can trust.
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