Business Succession Planning Checklist

When you decide to leave the business, your succession planning will help you successfully transfer your business to your successor (s). If you develop a good succession plan, you can transition out of your business more easily. You can start your succession planning years ahead of time, which helps you meet your future needs. It will also help your successor prepare for their present and future work responsibilities. Review your plan regularly. As time passes your circumstances may change and an up-to-date succession plan will ensure you're always ready in the event you need to leave earlier than anticipated. This document examines some of the important issues that need to be considered in the succession planning process and includes a succession planning template with relevant headings and supporting comments.

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