The Importance of Cash Flow Planning for Closely Held Businesses

Cash flow planning for owners of closely held businesses is an important component to the ultimate success and continuation of that business. This article presents a number of important planning issues that require careful consideration concerning the adequacy of cash flow generation. Looking ahead and planning for the smooth transition of a business to new management is necessary for the financial well‐being of a family. © 2015 Wiley Periodicals, Inc.