Continuity Planning

We have seen many companies look at a continuity plan as a tax strategy or an ownership transition plan without realizing that those are just components of a continuity plan. A continuity plan is a plan to continue operations of a business after it has been transitioned to the next generation leadership. This involves working with the next generation and the current generation to identify the needs for the transition of the business beyond just its tax requirements, but also in the areas of leadership transition and family dynamics.