Exiting a Family Business: How Best to Plan and Prepare for Succession

Succession is often an uncomfortable subject for family business owners. Many owners shy away from planning for tomorrow because it is difficult to face the idea of retirement or because communicating their wishes to family members can bring up a host of emotional issues. However, business succession is an eventuality that needs to be prepared for well in advance of any critical event despite any awkward or difficult conversations that must take place.

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