Succession planning is the strategic process of identifying and preparing people to take on key leadership roles within an organization. Succession planning is critical to organizations, especially as executives grow closer to retirement. Those executives have years of experience and knowledge to pass along to successors and that knowledge is something organizations cannot afford to lose.
Every business should have a succession plan. Whether you are passing your business to your children or key employees, Gross Mendelsohn will bring extensive experience to bear to help structure a deal that the existing owner can live with and will allow the business to go forward.