Expanding Succession Planning Beyond Ownership
Business owners are regularly urged to create and update their succession plans. And rightfully so. In the event of an ownership change, a solid succession plan can help prevent conflicts
Business owners are regularly urged to create and update their succession plans. And rightfully so. In the event of an ownership change, a solid succession plan can help prevent conflicts
For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who are relatively young and have no intention
There are an estimated 5 million family-owned businesses in the United States. Annually, these companies make substantial contributions to both employment figures and the gross domestic product. If you own
Transferring a family business to the next generation requires a delicate balancing act. Estate and succession planning strategies are not always compatible, and family members often have conflicting interests. By
If your top executive were to step down tomorrow, would your non-profit know how to make a smooth leadership transition or would your boat suddenly be rudderless? Research by the
Business owners are urged to create succession plans for the good of their families and employees. But there is someone else who holds a key interest in the longevity of
Everyone needs to plan for retirement. But as a business owner, you face a distinctive challenge in that you must save for your golden years while also creating, updating, and
Some business owners, particularly those who founded their companies, may find it hard to give up control to a successor. Maybe you just cannot identify the right person internally to