But be warned: according to a Bank of America study, while three out of four companies say they have a succession plan, fewer than 40% of businesses have actually implemented them. And just 15% of ...

The son and heir, Paul, introduces Mary to the world of books, through which ... This tale of troublesome succession almost begs for an opera. 5. A family business need not be legal to thrive.

The process of family business succession planning may take five years or more. Any family business that starts this process only at the time the need for succession arises will find that it is ...

Owning a family business, and planning the succession of your family business, is as much a part of the American dream as white picket fences and two cars in every garage. But is handing your ...

Succession planning for the family business takes one of three main forms — selling, holding or transitioning the business.

This makes succession critical to the economic viability of the ag business and the continuation of the family farm (let alone the happiness of the family and partners involved). There are four ...

For business owners, there are several alternative strategies including ESOPs, family succession, buyouts, and sale to third parties. For owners of art collections and legacy real estate ...