In a sense, "succession planning" is to business what estate planning is to an individual. It is, put simply, planning for the future of your company. A well-drafted succession plan will foresee such contingencies as the death, disability or retirement of a key person in the company, and will provide a road map for the company to follow in the absence of that person.
Working together with your accountant, insurance agent, financial advisor, and other professionals, HMH can assist your company in preparing for the future. In a crisis, a thorough succession plan can prevent the breakdown of a company and minimize the confusion and disputes that can sometimes result. It can provide for an efficient and effective transition whether the changes be expected or unforeseen.
Aaron L. Seable