Devising a Smart Succession Plan—and Avoiding a Family Civil War

KEEPING A BUSINESS THRIVING THROUGH SEVERAL GENERATIONS Patricia Galteri and Jayson J.R. Choi It’s hard enough running a family business—keeping family members from overreaching or competing, duplicating tasks, or entertaining thoughts of killing one another. And even when there is relative harmony, the owners of family-owned or closely-held businesses are busy running their companies, not planning for succession (many don’t even like to think about turning over the business, truth be told).[...]
Continue reading