Succession Planning

Accessibility


NDSU Extension Logo

NDSU Extension Logo

| Share

Succession Planning for Small Businesses

Business succession planning has emerged as a critical need for North Dakota small businesses, especially in rural areas. Business succession planning is an important step to transition the business to the next generation for a family and for the community. A propper succession plan can ensure that the owner's retirement needs are met and the business can continue to fourish in the community for years to come.

Design Your Succession Plan for Small Business workshops assists small business owners to get started on their succession plan and shape the future ownership of their business. Design Your Succession Plan for Small Business is a multi-session workshop to help you:

Get started on a succession plan using a workbook during and after the workshop
Open lines of communication with family, employees, and partners to create a shared vision for the business
Work with professionals to construct a plan and documents to put the vision into action

 

Call your local Extension office if you are interested in having a workshop in your area.

 For more information contact

 

Creative Commons License
Feel free to use and share this content, but please do so under the conditions of our Creative Commons license and our Rules for Use. Thanks.