Succession Planning: The Bottom Line / Lawyers Weekly Volume 2, Number 1, 2012 is now out.
Kimberly A. Whaley is quoted in the article ‘Hit One Out of the Park, Team Starts with Lawyer, Accountant’ by Grant Cameron.
When picking a team to help them prepare and execute a succession plan, business owners should think like baseball managers: They need to acquire people with specialized talents who can work together. That’s the consensus of those who regularly deal with estate planning and business succession litigation matters.
While planning and preparation are important elements of any succession planning venture, assembling the right roster appears equally important — whether a business owner is preparing to hand over the company to a family member or sell it,
be it to management or a third party.
So who do business owners need to recruit?