Is Your Legal House In Order?
When all progresses as expected, the transition of your business to the next generation can be a smooth process with minimal anxiety. Unfortunately, many family-owned businesses operate under the assumption that ownership and control will pass to a spouse or the next generation based on internal family discussion and understanding. As a consequence, many organizations fail to take the necessary legal steps for the proper transfer of the business interest upon the unexpected event.
Read more: April 2016 Business Succession Planning