285: Is a Smooth Ownership Transition Even Possible?

unsuitable on Rea Radio

If there’s one thing that never goes out of style it’s “succession planning.” That’s because owners want to ensure that the business they’ve dedicated their lives to is going to provide them with a desirable outcome – all while allowing them to retire worry-free.

While planning for an ownership transition isn’t necessarily the easiest task you’ll undertake, it can be rewarding – particularly if you work with the right advisors.

Tim Jamison has been the “right advisor” for many business owners over the years. As a CPA and director at Prairie Capital Advisors, Tim has helped pave the way through many ownership transitions.

Listen to this episode of unsuitable to learn:

• The various forms of ownership transitions that a business owner should consider
• What business owners can do to prepare for ownership transition
• The risks to be aware of during ownership transition

Learn more about this topic:

• Read: It's Time To Reassess Your Business | Turn Lemons Into Lemonade
• Listen: Bill Ubbing Talks Succession Planning | Retirement For Business Owners
• Read: SECURE Act Ushers In Substantial Retirement Plan Changes

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