{"id":1010,"date":"2018-10-31T15:49:11","date_gmt":"2018-10-31T15:49:11","guid":{"rendered":"http:\/\/livedemo.pw\/cpakumar\/?page_id=1010"},"modified":"2023-01-12T19:39:45","modified_gmt":"2023-01-12T19:39:45","slug":"succession-planning-exit-strategy","status":"publish","type":"page","link":"https:\/\/www.cpakumar.com\/index.php\/future-management\/succession-planning-exit-strategy\/","title":{"rendered":"Succession Planning &#038; Exit Strategy"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1010\" class=\"elementor elementor-1010 elementor-bc-flex-widget\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-294d09e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"294d09e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c6277f6\" data-id=\"c6277f6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8f6e78b elementor-widget elementor-widget-text-editor\" data-id=\"8f6e78b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>During the course of managing our client\u2019s businesses, we always keep in mind the right match for business succession. It is quite typical in family businesses that the next generation will carry the business forward. Studies show that this may not always be the best fit for the future of the business. We often hold these discussions with our clients about their vision and future plans for their business, and building management team that can take over the business to the next level. We have been through several situations where the second generation was more deserving than their parents in managing the business. In other cases, the second generation was a misfit or they were just not interested in taking over the business. These discussions are important and sometimes very difficult but they are an absolute necessity.<\/p><p><strong>We can guide you in understanding the legal, financial and tax implications of succession in your business and pave the way so that your successor can succeed.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>During the course of managing our client<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":66,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Succession Planning &amp; Exit Strategy - Kumar &amp; Co. 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