Subscribe to Entrepreneur for $5
Subscribe

Lost in Transition

If you don't take steps to ensure your company's future now, you may not have the chance later. Here's how to plan for a smooth business transition.

By
This story appears in the November 2006 issue of Entrepreneur. Subscribe »

Online exclusive: Have more questions about transition planning? Read The Monitor Group's answers to the most common business transition questions.

It still smarts when Terri Getman recalls the financial disaster that befell her family because her father didn't plan ahead. He owned a minority stake in a closely held Georgia paper-making machinery manufacturer, but died suddenly six months after the business was launched.

Continue Reading With an Entrepreneur Subscription Now 40% Off—Use Code SAVE40

Become a member to get unlimited access and support the voices you want to hear more from. Subscribe to Entrepreneur for just $49/year $29/year.

Not ready for an annual subscription?
Get 3 months free with code ZENDESK

Presented by zendesk

Not ready for an annual subscription? Get 3 months free with code
 ZENDESK