When planning for the future, you have a wealth of options related to who should continue to run your family business. Many business owners’ plans fall short because they are unaware of the many options, they have available to them and the pros and cons of each path. One common exit path is a family […]
August 22, 2022
The Exit Planning process should begin by determining your goals and objectives such as: The income you and your family will need after you leave the business; and Who you wish to transfer the business to — whether it is children, key employees or others. And, Exit Planning involves the determination of business value and […]
March 22, 2022
Running a successful business is complex per se. Adding the element of “family” to a business often creates more complexities, especially as the business grows. Lifelong family bonds and expectations can run headlong into business realities and needs.
February 22, 2022