You’ve spent a lifetime building your family-owned business. A business succession plan can protect your legacy for the ...

With 51% of US business owners now over the age of 55, a tidal wave of retirements and successions is expected over the next ...

Succession planning between the firm and the lawyer will be to create a path toward working less and eventually retiring.

A critical analysis of the business and industry landscape will allow the business owner to evaluate and plan for the future ...

for example. When it comes to the land, if it’s important for each child to own land, divide it up in tracts and don’t put multiple kids on a tract, he adds. A succession plan often includes ...

For example, permanent life insurance policies ... No matter what financial vehicles you use in a succession plan, you won’t get far without transparent and explicit communication with all ...

The Lee family (Samsung Group) The Lee family, owners of the Samsung Group, is another notable example of successful succession planning in a family business. In 2020, Lee Kun-hee's son ...

Yet, planning for the day you step away can be one of the most challenging tasks you'll face. Succession planning is crucial to ensure that your business continues to thrive long after you've ...

Succession planning in the context of a family farm is more than just a business transition. It’s a journey that involves several critical steps. Successful succession planning must revolve ...

Business Ownership Drafting a succession plan now can help your business stand the test of time. As a business owner, you’ve invested so much into making your business successful – hard work, time, ...