Robert Lloyd - a Sir Gar Blog of random news . . . and some Clecs!

The latest ‘The Business Brief’ column written by Red Kite Law for the Carmarthen Journal. This week, Company and Commercial Partner Betsan Powell puts the spotlight on succession planning . . .  Succession planning is something that many businesses do not consider until things start going wrong, such as the ill health of the owners. In today’s economic climate, with huge uncertainties facing businesses of all sizes, succession planning is essential to safeguard continuity and the livelihood of employees. It is vital to plan a business succession strategy that works for everyone involved. Succession planning should be considered carefully by business owners as a means of allowing the business to continue when the owners retire, or in the event of unforeseen circumstances such as illness or death. With some careful thought and planning, you can create plans to deal with these circumstances. Succession planning can also benefit the current trading of the busines...