What will happen when you decide it's time to retire? Do you know who will take over? How will that transition work?
It's essential that a succession plan be in place, whether it might be used in the near or distant future. Without it, gift and estate tax penalties could cut into the value of your business, or the business could be transferred to "less-than-competent" employee or family member.
Balkcom & Company CPAs, P.A. will work to help ensure the business you worked so hard to build remains intact, and that a competent individual takes over from you.