In the middle market business community, we often hear the terms "Succession Planning" and "Exit Planning" used interchangeably. They are not synonymous, but rather two terms that are closely related.
We see succession planning as an important component of the exit planning process.
Exit Planning is a global approach. It involves coordinating all the decisions a business owner needs to make prior to leaving his or her company.
For the full text of the July issue of Exit Planning Edge, Please click here.
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