Researchers widely believe that keeping the continuity of family-owned business and making the transfer effectively greatly depend on a succession plan.

学者们普遍认为保持家族企业的连续性、保证有效的传承极大地依赖于传承计划。

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It is natural to want to avoid thinking about these issues, but the age of the business owner is irrelevant to the need to create a business succession plan, as unforeseen events such as death or disability can occur at any time to anyone.

FORBES: Identifying a Successor for Your Family-Owned Business

Meet with an attorney who focuses in small business law, estate planning attorney and tax attorney in advance to discuss the tax implications of agreements such as a Buy-Sell Agreement, Shareholder Agreement, or a Stock Redemption Agreement which are commonly used in business succession planning and may be necessary to execute your succession plan.

FORBES: Identifying a Successor for Your Family-Owned Business

In the latter scenario, the owner is looking for a succession plan, plus there is a longer-term need to grow the business.

FORBES: AWC Gives Business Owners A Gradual Exit Option