Many owners of both small and large family businesses are reluctant to undertake succession planning and end up doing so as a result of other personal planning. Whether the owner or owners are addressing their estate or their retirement, neither can be adequately structured without...
7 Steps for Creating a Smart Succession Plan
Most family businesses claim to have a succession plan in place, but many of those are informal, increasing the chance that an ownership transition of the business might not go all that smoothly. Here are some tips on how to ensure a solid plan is in place.
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