There are several thousand business owners in the Port Angeles and Sequim area. How many of these owners have a succession plan for their business? In other words, how many have business planning with an exit strategy and the business equivalent of estate planning? Statistically, 70% of Americans have no estate planning at all. My guess is that 70% of business owners have no business succession plan. So if you are a business owner and your partner dies, maybe your partner’s widow will become your new partner. Hmmm. Scary thought? There are worse things. I think.
Last Updated on July 14, 2007 by Chuck Marunde