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Thinking the unthinkable: dealer succession planning is key to ensuring an orderly transition

Rachel Loizos

Published June 2, 2014

Anyone who owns a business needs to think about “succession planning” – a fancy phrase for determining who will take over when an entrepreneur retires or dies. In the case of auto dealers, it’s a particularly important concern and not just because a dealership is often a multi-million dollar business that might well represent a significant portion of the owner’s personal assets

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