Ultimate Guide by Your Top Business Succession Planning Attorney
Financial Implications and Considerations
The cost of implementing a business succession plan can vary significantly depending on the complexity of the business and the strategies employed. On average, businesses may spend anywhere from $10,000 to $50,000 on succession planning services, including legal fees, valuation costs, and consulting services1. However, this investment is often justified by the long-term benefits of a smooth transition and the preservation of business value.