Planning a successful business transition takes strategy and execution. Now that you know why succession planning matters from Part 1, it’s time to focus on how. With a clear roadmap, the process can feel manageable.
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Why Business Succession Planning Matters
After years of hard work building your business, the last thing you want is uncertainty when you step away. Yet, many business owners face this due to a lack of succession planning.
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The Impending Tax Sunset
In Part 1 of this series, we reviewed the key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) and examined their potential impact on American families if these provisions expire or “sunset” at the end of 2025. Whether Congress decides to extend some or all these provisions or allows them to sunset as scheduled, understanding the possible scenarios and preparing accordingly is essential.
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