Bethesda, Maryland (PRWEB) December 11, 2013
It’s never pleasant. But planning for your death or serious illness is a vital part of owning a business. No matter how much you exercise and eat healthy, you can’t predict if and when the bus will hit you. In his latest Huffington Post column, attorney Jack Garson writes that planning for the future is critical and the challenges of succession - both professionally and personally - don't go away if you ignore them.
In Hit By a Bus, How to Protect Your Business, Your Family and Yourself, Garson writes that you need a succession plan that takes into account the particular needs of your business, such as:
Garson also has these suggestions:
With these and other considerations in mind, as well as the assistance of your advisors, board of directors and executives, you can create an effective succession plan.
The need for planning exists. The results are worse if you ignore the difficulty. On the bright side, many people take great comfort in knowing that they have thoughtfully planned for the business and people they cherish.
You can read Jack Garson’s article “Hit By the Bus" in the Huffington Post.
For media interviews with Jack Garson on this and other business related topics, please contact Marc Silverstein at 202-716-9123 or at marc(at)onthemarcmedia(dot)com.