Passing the Baton: Pitfalls to Avoid in Family Business Succession Planning
The old saying “when you fail to plan, you plan to fail” pertains to almost any business endeavor, but particularly to family business succession. Four out of 10 family businesses do not have a succession plan in place. Every businessowner should consider succession planning, and for those owning a family business there can be unique family dynamics in play. Below are five common missteps to avoid when preparing a succession plan for your family business.
If you are interested in having us represent you, you should call us so we can determine whether the matter is one for which we are willing or able to accept professional responsibility. We will not make this determination by e-mail communication. The telephone numbers and addresses for our offices are listed on this page. We reserve the right to decline any representation. We may be required to decline representation if it would create a conflict of interest with our other clients.
By accepting these terms, you are confirming that you have read and understood this important notice.