Business Transition Planning
Learn the key components to a business transition and how to start the conversation.
Find out how a developed succession plan in conjunction with a strategic plan will maximize the value of the business now and into the future, while also strengthening the foundation of the owner’s financial plan. This plan will also enable a business to continually grow and provide employment and stability to the surrounding community.
Starting years before a transition will ensure that the developed transition plan is right for you, your business, and your family.
- 90% of all businesses in Wyoming are family-owned or closely held.
- Within the next 5-10 years 65%-75% of business owners will transition out of their business
- Only 30% of businesses successfully transition to the next generation
