According to the Bureau of Labor Statistics, 20 percent of business startups fail within the first year, 30 percent fail by the end of the second year, and 50 percent fail by the fifth year. Only 30 percent of those startup businesses remain at the end of the tenth year. Your client has accomplished the hard part. He started a business that beat these odds and went on to thrive. She's facing the daily demons and delivering her products or services to her clients. Neither of them has time to think about any business transition issues. Or so they believe. But failing to plan often means planning to fail. Help your clients address the following threats: money and children, business divorce, marital divorce, estate and gift tax issues, liquidation events and passing it down.