A harvest plan defines how and when a business owner will realize a cash return on investment, often by exiting or selling the business. It is not similar to a will and does not necessarily involve leaving the business to the next generation. It may be simple to implement depending on the circumstances, but this is not a defining characteristic of a harvest plan.

Solved

A Harvest Plan

Question 19

Multiple Choice

A harvest plan

A) is similar to a will.
B) defines when and how business owners will realize a cash return on investment.
C) leaves the business to the next generation.
D) is simple to implement.

Correct Answer: