Business Owners Hit Retirement, Succession Snag

National Australia Bank
  • Nearly half of small and medium business owners expect their retirement will trigger the closure and liquidation of their business or force them to sell to someone outside the family
  • 46% of small and medium business owners expect to be working in some capacity after they turn 67, most for financial reasons
  • Two thirds of SME owners do not have a documented wealth transfer strategy in place
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.