James Broadhurst writes for the Financial Times’ Your Questions column on business succession plans
Succession planning is an important business strategy for passing leadership roles onto the next generation/other employees. It is important for business owners to plan ahead and ensure that they have a robust plan in place so that their long term business plan is executed.
Many business owners, especially those approaching retirement age, often have lots of questions surrounding dos and don'ts and what to be mindful of.
James Broadhurst, Corporate Partner, answers a Financial Times reader's question on business succession plans and key considerations for business owners.
Read his response in the Financial Times here (subscription required).