Baby Boomer 'Zees Tackle Retirement Planning

Citrin Cooperman Partner and Franchising Practice Co-Leader Aaron Chaitovsky spoke with Franchise Times Beth Mattson-Teigabout identifying a successor when planning on transferring ownership of your business.

“Oftentimes, this becomes one of the most difficult steps. However, going through this process as soon as possible will determine whether transitioning to a family member is even feasible, or whether other exit strategy options are warranted.”

“It is important to understand that the operating business and the franchise agreement are two parts of the whole. You can’t transfer, assign or sell one part without dealing with the other.”