Business planning focuses on issues specific to business owners and shareholders. For most business owners, the business is their most significant asset, and the financial success of that business has an immediate impact on the economic security of their families. Without proper planning, you may have difficulty tapping the value of your business to support your retirement, or your family may lose the value of your business at your death.
Business planning coordinates the management of your business throughout its life cycle with:
- Risk management
- Distributions to the owners
- Succession planning
This material has been provided for general informational purposes only. Investors should consult with a business planning professional regarding their individual situation.