Succession planning affects everyone who has any interest in the business: family members, business partners, and important employees, for example. This means it is essential for you to have detailed discussions about crucial but often overlooked issues, such as picking the ideal successor, the value of the organization, and the length of the transition period.
Regardless of whether an expected or unexpected event occurs, you need the help of corporate tax specialists like Singer Tax & Accounting, PC in Phoenix when it comes to developing a succession planning strategy that results in a smooth handover and ensures your vision for the company is fulfilled.
For further questions about Phoenix corporate business accounting, please contact Singer Tax & Accounting, PC today at (602) 482-8006.