We are in the midst of a demographic tsunami with respect to business ownership transition. Since about 2005, the press has been heralding the emerging wave of baby boomer business owners who will and must transition the ownership of their businesses. The business environment for business transactions soured late in the last decade and many owners, waiting for changes in the estate tax laws, deferred much-needed estate planning activities. The bottom line is that the pent-up demand for transitions that began to emerge in the last decade will have its day. Will you, as a business owner, be ready? If you are an advisor, will your clients be ready?