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hi my name is tom schumacher i am a business lawyer for bocky norman offices this is the fourth video in a series of videos regarding business transition planning this topic is really a subset of the concept of working on your business versus only working in your business in the second video i addressed having an advisory team of personal and business advisors to provide different viewpoints and objective critical analysis of business decisions the third video addressed how the legal structure of your business impacts business succession planning and the transition of your business it does not matter what legal form your business takes it is important that you have well documented and organized business records the successful business will have documented and organized policies and procedures for any of its systems and for all business functions in the evolution of a business from startup through the owners eventual exit accurate business records involve every aspect of a business org
