Succession Planning can be the transfer of the family farm business to the next generation or the sale of the family farm business. A proper transfer of the family farm requires the transfer of knowledge, skills, labour, management, control and ownership. Alternatively, there are a myriad of options to analyze if the family farm business is to be sold.
Succession Planning also includes:
- Tax planning
- Business structures
- Intergenerational succession
- Sale of a business