Strategies For Business Owners, Executives And Affluent Families
Family Owned Business Opportunities
How To Successfully Transfer A Family Business
Family-owned businesses offer tremendous opportunities and challenges because of the complex interrelationships between family, finances and business. But when the time comes to transfer the business, those challenges become even more acute. Business owners are typically ill-prepared to address business transitions. This is a very specialized area that requires real expertise and experience. There is a much better solution that we call holistic family business planning.
How To Transfer A Successful Family Business To The Next Generation
Seven Key Areas To Build Your Action Plan
Transferring a family business is very complex because it changes three things that are near and dear to you: your business, your family and your wealth. This is one of the most significant financial decisions that you will ever make. More importantly, this event could substantially alter the very fabric of your family for better or for worse. How you handle this process could mean the difference between a prosperous business that a united family is ready to lead for generations or an unstable business that is the center of disharmony and soured family relationships.