Category: Business Succession Planning

For many small business owners, their business is their life’s work. It is something that they have invested time, money, and a lot of heart into. When considering this, it can be downright surprising how many times small business owners fail to have a business succession plan in place. A properly crafted business succession...

How can I select an heir to carry on the family business? The popular HBO series “Succession” explores dramatically a common issue—heirs fighting for control of the family empire. The series centers on the Roy family, who control a media and hospitality empire. As the family’s patriarch ages and suffers health problems, his four children...