Business Succession Planning Explained: Exit Planning, CPA Guidance & Selling Your Business

Описание: Business Succession Planning, Exit Planning & CPA Guidance Explained | Financial Planning: Explained

This week on Financial Planning: Explained, host Michael Menninger, CFP® and guest host Kyle Ryan, CFP® welcome Steve Goodman, Certified Public Accountant and President and Chief Executive Officer of SHG Planning, to discuss business succession planning and why it is so important for business owners.

In this episode, Steve, Kyle, and Mike discuss the importance of creating a business succession plan before a transition is needed. Many business owners overlook succession planning or wait too long to design a clear plan for the future of their company. The conversation highlights why proactive planning can help protect the business, employees, family members, and long-term financial goals.

They also explain how succession planning can affect taxes, ownership transitions, business valuation, retirement planning, estate planning, and continuity of operations. Steve shares insight from a CPA perspective on why business owners should think ahead and coordinate their succession plan with trusted professionals.

Whether you own a business, plan to transition ownership, are preparing for retirement, or want to protect the future of your company, this episode provides helpful insight into business succession planning, exit planning, tax planning, and financial planning for business owners.

Topics Covered:

Business succession planning
Succession planning for business owners
Exit planning
Business transition planning
Business continuity planning
CPA guidance for business owners
Business valuation considerations
Tax planning for business succession
Retirement planning for business owners
Estate planning and business ownership
Protecting your business
Planning for ownership transition
SHG Planning
Financial planning for business owners

For additional information, contact your financial advisor, estate advisor, or visit Menninger & Associates Financial Planning: https://maaplanning.com.

Meet Mike Menninger, CFP the host of Financial Planning: Explained https://maaplanning.com/who-we-are/ou...

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