This recent NY Times article, “How to Prepare Your Business for Succession,” points out some of the problems that can result from a failure to plan for succession in your business. When you are first starting a business, you should at least consider possible exit strategies for your business. The method you expect to use to exit the business can have implications for the type of business entity you select and other decisions that are made during startup.

Starting a Business? Start Here. Go Far. LaunchX.com