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Glossary of terms used on this site

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Term Definition
Succession plan

Relates to the transition of business ownership and is one element of a Business Succession Report. Succession planning may relate to immediate concerns (see exit strategy) or medium to longer term identification of a potential owner/s from internal or external sources.

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Testimonials

Andrew said

Jim pro­vided very sound and practical advice on what to do if one of the busi­ness partners wanted to leave. His Suc­ces­sion Agree­­ment elim­ina­ted any questions as to what would hap­pen and how it would hap­pen. Thanks Jim.